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5. In the calculation of GDP, the consumption of goods produced in the past year and the consumption of imported goods are similar in the

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5. In the calculation of GDP, the consumption of goods produced in the past year and the consumption of imported goods are similar in the sense that (a) both of them are excluded from the calculation of current year's consumption ex- penditure. (b) both of them are excluded from the calculation of current year's GDP. (c) both of them are included in the calculation of current year's consumption expen- diture and adjusted out through other components of GDP. (d) Both (b) and (c) are correct. 6. During the year, Qualcomm sells a Snapdragon 835 processor (produced in China) to Xiaomi for Y1000, Samsung sells a 6GB memory set (produced in China) to Xiaomi for Y500, and Xiaomi puts them together into a Mi 6 smartphone and sells it for Y2899. The contribution of these transactions to China's GDP is (a) Y4399 (b) V3399 (c) Y2899 (d) Y1500 7. During the year, Qualcomm sells a Snapdragon 835 processor (produced in the US) to Xiaomi for $150, Samsung sells a 6GB memory set (produced in South Korea) to Xiaomi for $80, and Xiaomi puts them together into a Mi 6 smartphone and exports it to the US for $439. The contribution of these transactions to China's GDP is (a) $669 (b) $439 (c) $209 (d) -$230

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