Explain what happens to contributions to GDP in each of the following situations. a. A woman who

Question:

Explain what happens to contributions to GDP in each of the following situations.
a. A woman who makes a living charging for investment advice on her Internet Web site marries one of her clients, to whom she now provides advice at no charge.
b. A tennis player wins two top professional tournaments as an unpaid amateur, meaning the tournament sponsor does not have to pay out his share of prize money.
c. A company that had been selling used firearms illegally finally gets around to obtaining an operating license and performing background checks as specified by law prior to each gun sale.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

Question Posted: