2. thanks

1. The following diagram shows a production chain in Economy A. Firm A imports $200 of raw materials. $1,150 ($150 indirect business tax inclusive) Local Consumers $200 Local $400 Local Firm B $800 Local Firm A Firm C (Decrease in stock = $100) Foreign Countries $1,500 Calculate the contribution of the above production chain to Economy A's (a) GDP at market prices using the value-added approach. (b) GDP at factor cost using the expenditure approach. (2 marks) (2 marks) 2. Suppose the sales revenue to the Hong Kong textile retailers was HK$30 billion in 2014. Give TWO reasons to explain why their contribution to Hong Kong's GDP would be less than HK$30 billion. (4 marks)