Mr. and Mrs. Smith plan to roof the cabin on 2 consecutive days. Assuming that the chance of rain is
independent of the day, what is the probability that it
will rain both days?
A. 0.04
B. 0.08
C. 0.16
D. 0.20
E. 0.40

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