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2. What do statisticians attempt to measure when it comes to GDP in the nancial sector? (a) How do statisticians typically measure GDP in service
2. What do statisticians attempt to measure when it comes to GDP in the nancial sector? (a) How do statisticians typically measure GDP in service sectors (reading previous chapters may help answer this)? Why are fees traditionally important? Why do fees not help in the financial sector? (b) What is meant by FSIM? What does it try to measure? What is meant by a risk-free rate? How is it calculated? (c) What does the author mean by the phrase ' 'taking risk is not a valuable service to the rest of the economy though managing risks is? Why does the author believe that risk taking is not the special activity of banks? What role does leverage play in these issues? (d) What are the quantitative effects of adjusting financial sector returns for risk? (e) What are the policy implications of adjusting financial sector returns for risk
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