oscar earns extra money, m, working two weekends with his uncle. he is saving to buy a new scooter that costs $138. Fantasia says that Oscar needs to earn more than ​$7 each hour he works to have enough money to buy the scooter. Explain why she is incorrect.

Tom and lilly rented a house for $12,000 last year. at the start of the year they bought the house they had been renting directly from the owner for $250,000. they believe they could rent it for $12,000 this year, but stay in the house. how much does tom and lilly’s decision to buy the house change gdp? a. it reduces gdp by $12,000 b. it does not change gdp c. it raises gdp by $238,000 d. it raises gdp by $250,000