Question
Consider the following situations. In each case, state the effect of the scenario on the country's GDP and explain your reasoning. 1) Ms. Lindsey Lawless
Consider the following situations. In each case, state the effect of the scenario on the country's GDP and explain your reasoning.
1) Ms. Lindsey Lawless is a high-power busy attorney. Two years ago, she hired Mr. Larry Lawful to take care of her household needs for an annual salary of $30,000. This year, they decided to get married. After the wedding, Ms. Lawless stopped paying salary to her husband.
2) Billy Bob spends $100 per week on eating lunch at work. At the beginning of this year, Billy Bob's wife, Mary Lou, made a resolution to start saving money by cutting the household expenditure. As such, she decided to prepare Billy Bob's lunch at home. Assume that Mary Lou does follow and accordingly Billy Bob no longer goes to restaurants for lunch.
3) Thelma Lou is fond of German cars and buys one every other year. This year, she decided to switch to buy American car, and she does
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