State whether the following actions will increase or

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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)
16. If an economy has a trade surplus, is domestic production higher or lower than domestic expenditures? Explain your answer. (LO25-2)
17. What makes it difficult to compare GDP over time? How is the problem addressed? (LO25-3)

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