How do each of the following transactions affect Canada’s GDP? Unless otherwise indicated, assume that each of the subsequently mentioned people resides in Canada. (f) Anna-Maria purchases 100 acres of farmland for $1 million, and builds a house on the land using $200,000 of her own money. (g) Rowena is wrongfully terminated from her job. She hires an employment lawyer for $10,000. The lawyer gets Rowena her job back, along with $100,000 of compensation from her employer. (h) Drake purchases $101,563.45 worth of cocaine. (i) Mario spends $10,000 transporting his marijuana to the cannabis shop, where he sells it for $25,000. (j) James Bond purchases a martini, shaken not stirred, for $12, in Calgary.
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How do each of the following transactions affect Canada’s GDP? Unless otherwise
indicated, assume that each of the subsequently mentioned people resides in Canada.
(f) Anna-Maria purchases 100 acres of farmland for $1 million, and builds a house
on the land using $200,000 of her own money.
(g) Rowena is wrongfully terminated from her job. She hires an employment lawyer
for $10,000. The lawyer gets Rowena her job back, along with $100,000 of
compensation from her employer.
(h) Drake purchases $101,563.45 worth of cocaine.
(i) Mario spends $10,000 transporting his marijuana to the cannabis shop, where he
sells it for $25,000.
(j) James Bond purchases a martini, shaken not stirred, for $12, in Calgary.
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