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describe what happens to contributions to GDP in each of the following situation.

(a). a woman who makes a living charging for investment advice on her Internet Web site marries one of the clients, to whom she now provides advice at no charge.

(b). a tennis player wins two top professional tournament as an unpaid amateur, meaning the tournament sponsor does not have to pay out his share of prize money.

(c). a company that had been selling used firearms illegally finally gets around to obtaining an operating license and performing background checks as specified by law prior to each gun sale.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940001

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