Which one of the following events will leave GDP unchanged? (1) You work extra hours this month to help make up for the money you lost playing blackjack. (2) You buy a new domestic car to replace one that was stolen. (3) You lose \( \$ 500 \) playing blackjack with friends. (4) You pay \( \$ 500 \) to repair your car damaged in an accident.

The correct answer is: **(3) You lose \$500 playing blackjack with friends.** **Explanation:** Gross Domestic Product (GDP) measures the total market value of all final goods and services produced within a country in a specific period. It includes consumption, investment, government spending, and net exports. Here's a breakdown of each option: 1. **You work extra hours this month to help make up for the money you lost playing blackjack.** - **Impact on GDP:** Working extra hours typically means an increase in production or provision of services, which contributes positively to GDP. 2. **You buy a new domestic car to replace one that was stolen.** - **Impact on GDP:** Purchasing a new car is considered consumer spending and contributes positively to GDP. It replaces a stolen car, but the act of buying still adds to the overall GDP. 3. **You lose \$500 playing blackjack with friends.** - **Impact on GDP:** Gambling transactions between individuals are considered transfer payments and do not reflect the production of new goods or services. Therefore, this transaction does not affect GDP. 4. **You pay \$500 to repair your car damaged in an accident.** - **Impact on GDP:** Payment for car repairs is considered a service consumption and contributes positively to GDP. Therefore, the only event that does **not** affect GDP is losing money through personal gambling activities. **Answer:** Option 3. Losing $500 playing blackjack with friends does not change GDP.