For Each of the Following Events, Ceteris Paribus, State the Effect

question 20

Essay

For each of the following events, ceteris paribus, state the effect on GDP (does it increase/decrease/remain unchanged?) and why.
A.A few small boat builders decide to move from the production of simple boats for leisure use to the production of yachts for the America's Cup.
B.You are short of cash and you need more exercise so you sell your car for $1000.
C.The Australian Tax Office gets tough on illegal unrecorded activity (the underground economy )
D.A major oil spill occurs off the coastline of an area with high unemployment levels.Many of the local unemployed are employed to help with the clean-up.

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Definitions:

Order Acknowledgments

Formal communications that confirm the receipt and processing of an order to the customer.

Deductive Outline

An organizational structure that starts with the general idea or thesis and then presents specific evidence to support it.

Primary Consideration

The most important factor to be thought of or taken into account in a particular situation or decision-making process.

Victim Crisis

A situation in which an individual or group experiences significant harm or distress, prompting an immediate need for support and intervention.