Shay used to go to Jiffy Lube to have the oil changed in her car, but now she changes the oil herself. Which of the following is correct?The value of the labor needed to change the oil in a car isO A. included in GDP if Shay pays liffy Lube to do it but not if she does it herself.O B. not included in GDP whether Shay pays Jiffy Lube to do it or if she does it herself.O C. included in GDP if Shay does it herself, but not if she pays Jiffy Lube to do it.O D. included in GDP whether Shay pays Jiffy Lube for the service or if she does it herself.Reset Selection

The Wages or labor charges are not included in the GDP as they are already counted as a business…

Shay used to go to Jiffy Lube to have the oil changed in her car, but now she changes the oil herself. Which of the following is correc The value of the labor needed to change the oil in a car is O A. included in GDP if Shay pays Jiffy Lube to do it but not if she does it herself. B. not included in GDP whether Shay pays Jiffy Lube to do it or if she does it herself. O . included in GDP if Shay does it herself, but not if she pays Jiffy Lube to do it. D. included in GDP whether Shay pays Jiffy Lube for the service or if she does it herself. Reset Selection

Shay used to go to Jiffy Lube to have the oil changed in her car, but now she changes the oil herself. Which of the following is correc The value of the labor needed to change the oil in a car is O A. included in GDP if Shay pays Jiffy Lube to do it but not if she does it herself. B. not included in GDP whether Shay pays Jiffy Lube to do it or if she does it herself. O . included in GDP if Shay does it herself, but not if she pays Jiffy Lube to do it. D. included in GDP whether Shay pays Jiffy Lube for the service or if she does it herself. Reset Selection

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 1P

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