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Impact on GDP

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State whether the following actions will increase, decrease, of have no change to GDP:
a. The US legalizes gay marriages
b. An individual sells her house on her own
c. An individual sells his house through a broker
d. Government increases Social Security payments
e. Stock prices rise by 20%
f. An unemployed worker gets a job

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Solution Summary

This discusses the impact of various actions on GDP

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impact on immediate GDP

C = 500 + 0.8 Y, I = 400, G = 400, (X - M) = -100

Solve for GDP.

What would be the impact on GDP if the government spending increased to 500?

Why would the increase in GDP be greater than the increase of a $100 increase in government spending?

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