4. State whether the following actions will increase or decrease GDP: (LO25-1)a. The United States 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 percent.
f. An unemployed worker gets a job.
8. If the government increases transfer payments, what happens to aggregate output? (LO25-1)
12. What is the largest component of aggregate income for most countries? (LO25-2)