Need help with macroeconomic review questions! 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. (a) The Government of Ontario spends $1 billion on new highways. (b) Seraphima sells her used books for $1,000 in Sarnia, Ontario. (c) Razwan sells $4 million of maple syrup to a grocery chain in the United States. (d) Hitomi is a Japanese tourist who spends $50,000 on her vacation in Alberta. (e) Ichabod purchases a $12,000 semiconductor, which he uses to create a robot. He then sells the robot for $67,000.

Need help with macroeconomic review questions! 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. (a) The Government of Ontario spends $1 billion on new highways. (b) Seraphima sells her used books for $1,000 in Sarnia, Ontario. (c) Razwan sells $4 million of maple syrup to a grocery chain in the United States. (d) Hitomi is a Japanese tourist who spends $50,000 on her vacation in Alberta. (e) Ichabod purchases a $12,000 semiconductor, which he uses to create a robot. He then sells the robot for $67,000.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 4SQP

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Need help with macroeconomic review questions! How do each of the following transactions affect Canada’s GDP? Unless otherwiseindicated, assume that each of the subsequently mentioned people resides in Canada.(d) Hitomi is a Japanese tourist who spends $50,000 on her vacation in Alberta.(e) Ichabod purchases a $12,000 semiconductor, which he uses to create a robot. He then sells the robot for $67,000.(i) Mario spends $10,000 transporting his marijuana to the cannabis shop, where hesells it for $25,000.
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