1. Tanveer goes out for a meal. The meal costs $70, but he uses a 15% off voucher. a. By how much does the voucher reduce the cost of his meal? b. How much does Tanveer pay for the meal?

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