Which of the following events will reduce GDP?
A) A hurricane destroys your house.
B) You lose $500 playing poker.
C) You pay $500 to repair the damage done to your house by a hurricane.
D) You work 15 hours less this month so that you can repair the damage done to your home by a hurricane.

Question

Quizplus · Accepted Answer

When you work 15 hours less, your contribution to GDP through your labor decreases, as GDP measures the total value of goods and services produced.

Which of the Following Events Will Reduce GDP