Question
2. The followings are related to the measurement of GDP. Discuss the cases logically based on the definition of GDP. (a) Gentleman A had a
2. The followings are related to the measurement of GDP. Discuss the cases logically based on the definition of GDP.
(a) Gentleman A had a haircut at the lady B's beauty salon and paid 10,000 won.One year later, A marries B and continues to get haircuts from his wife. Are both cases included in GDP?
(b) If computer chips are produced as a final good this year but stored to use for next year. Are they counted as this year's GDP or next year's?
(c) As a Korean I work for Apple Inc. in the States, while my American friend gets paid from Samsung in Korea. Classify these two salaries in terms of GDP and GNP.
(d) I bought a new house early this year, and my friend bought an old house this month.Both of us contributed to the rise of our GDP this year. True or false? Explain.
(e) My classmate recently bought Japan-made Toyota and was proud of increasing our GDP. True or false? Explain.
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