Joe and jim purchase vegetables at a grocery store, but jim also grows vegetables in his back yard. regarding these two practices, which of the following statements is correct? a. only joe’s grocery store purchases are included in gdp. b.only joe’s and jim’s grocery store purchases are included in gdp. c.joe’s and jim’s grocery store purchases are included in gdp. the vegetables from jim’s backyard garden are included at their market value. d.joe’s and jim’s grocery store purchases are included in gdp. the vegetables from jim’s backyard garden are included at their market value, if jim provides this information.

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i

Which of the following would be an accurate statement about achieving a balanced budget