Explain the initial effect of each of the following events on Canada’s GDP. a) Toby sells his used car to Maria. b) The value of your Home Depot stock holdings decrease. c) You use $100,000 to buy a piece of land with the intention of building a new house on it. d) Sharon buys a new pair of jeans at a department store in another town in her province. e) An Irish tourist drinks an American beer in a Canadian restaurant. f) Your local car dealership reduces its inventory by offering price reductions. g) You sell all the shares in your Canadian National Railway Company holdings. h) Jermaine travels with Air Canada to Grenada and buys rum and spices. i) Bickram gets a haircut and beard trimmed at his local barbershop. j) Katherine, a retired worker, gets an increase in her Canada Pension Plan benefits.
Explain the initial effect of each of the following events on Canada’s
a) Toby sells his used car to Maria.
b) The value of your Home Depot stock holdings decrease.
c) You use $100,000 to buy a piece of land with the intention of building a new house on it.
d) Sharon buys a new pair of jeans at a department store in another town in her province.
e) An Irish tourist drinks an American beer in a Canadian restaurant.
f) Your local car dealership reduces its inventory by offering price reductions.
g) You sell all the shares in your Canadian National Railway Company holdings.
h) Jermaine travels with Air Canada to Grenada and buys rum and spices.
i) Bickram gets a haircut and beard trimmed at his local barbershop.
j) Katherine, a retired worker, gets an increase in her Canada Pension Plan benefits.
Step by step
Solved in 3 steps