Kyle is a part-time adjunct chemistry professor and also does tutoring on the weekends but does not report the tutoring
Posted: Thu May 05, 2022 7:03 am
Kyle is a part-time adjunct chemistry professor and also does tutoring on the weekends but does not report the tutoring income to the government. You pay Kyle $500 to help your high schooler prepare for an AP chemistry examination. Does the payment to Kyle count toward the value of gross domestic product (GDP)? No, because tutoring is a nonmarket activity. O Yes, because Kyle is using his professional expertise to tutor. O No, because this income is not reported to the government. O Yes, because your high schooler's passing the AP examination has economic value in the form of tuition savings. O No, because the AP exam the tutoring helps with is not a commercial activity. Next