7. For each of the following events, describe the likely effect on real GDP in Canada. a. The Manitoba blizzard of 1966 damages homes and thus increases the demand for building materials. As a result, the real GDP (1} b. The Manitoba blizzard of 1966 damages many factories. As a result, the real GDP (2} c. In a nearperfect growing season, Saskatchewan's wheat crop increases by 20 percent above normal levels. As a result, the real GDP {3) d. A 50percent increase in the world price of oil in 20142015 causes Albertabased oil producers to increase their oil production (measured in barrels) by 3 percent. As a resutt, the real GDP (4} e. A large new hospital complex is built in Montreal in 2014. As a resutl, the real GDP (5} f. The building of a larger arena in Toronto increases the demand for Maple Leafs tickets by Torontonians. As a result, the real GDP (6} g. The building of a larger arena in Toronto increases the demand for Maple Leafs tickets by residents of Buffalo, New York. As a result, the real GDP (T) {1} O is unchanged (2) 0 increases (3) O is unchanged {4) 0 decreases 0 decreases 0 decreases 0 decreases O is unchanged 0 increases 0 is unchanged 0 increases O increases {5} O is unchanged (6) 0 decreases (T) O decreases 0 decreases O is unchanged 0 is unchanged 0 increases 0 increases 0 increases