4. For each of the following transactions, determine the contribution to the current year’s GDP. Explain the effects on the product, income, and expenditure accounts.

a. On January 1, you purchase 10 sheets of plywood at $20 per sheet. The lumber store purchased the plywood the previous week at a wholesale price (transportation included)of $15 per sheet.

b. Colonel Hogwash purchases a West Vancouver mansion for $1000000. The broker's fee is 6%. ¢. A homemaker enters the workforce, taking a job that will pay $20000 over the year. ‘The homemaker must pay $8000 over the year for professional child-care services, 4. The Japanese build an auto plant in Quebee for $100000000, using only local labourand materials. (Hint: The auto plant is a capital good produced by Canadians and purchased by the Japanese.)

e. You are informed that you have won $3000000 in Lotto 6/49, to be paidto you, in total, immediately. £. The lottery corporation pays you an additional $5000 fee to appear in a TV commercial publicizing the provincial lottery. g. Discount Car Rentals replaces its rental feet by buying $100000000 worthof newcars from General Motors. It sells its oldfleet to a consortiumof used-car dealers for $40000000. The consortium resells the used carsto the public foratotal of$60000000.