Answertechnical question one andapplication question one on pp. 348-349 of Farnham textbook, 3rd edition.

Technical Question 1.

Discuss the impact of each of the following transactions on the calculation of Japan's GDP.

a. A Japanese household bought a new computer produced in the current year.

b. A Japanese household bought a new computer produced in the previous year.

c. A Taiwanese household bought a used computer from a Japanese household.

Application Question 1.

Drawing on current business publications and using the opening case of the chapter as a guide, discuss how the slow economic recovery in 2011 and 2012 has affected the current strategies of firms other than those mention

ed in the case.