With each of the following examples, please explain what happens to contribution

Question

With each of the following examples, please explain what happens to contributions to GDP and economic growth in each of the following statements:
a. A woman who makes a living charging for investment advice on her Internet website marries one of her clients, to whom she now provides advice at no charge.
b. A tennis player wins two top professional tournaments as an unpaid amateur, meaning the tournament sponsor does not have to pay out his share of prize money.
c. A public utility installs new antipollution equipment in its smokestacks

Explanation / Answer

With each of the following examples, please explain what happens to contributions to GDP and economic growth in each of the
following statements:

a. A woman who makes a living charging for investment advice on her Internet website marries one of her clients, to whom she now provides

GDP and economic growth--- DOWN -------------- no chargE FOR HER adviceS AND SERVICE

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

GDP and economic growth---- DOWN -------------- no COMPENSATION FOR SERVICE

c. A public utility installs new antipollution equipment in its smokestacks.

GDP and economic growth GO UP AS    IT IS INVESTMENT

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