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Consider the following information about Giordano, a local clothing manufacturer in Hong Kong in 2019 Item (i) At the beginning of 2019, Giordano already has

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Consider the following information about Giordano, a local clothing manufacturer in Hong Kong in 2019 Item (i) At the beginning of 2019, Giordano already has 50 T-shirts in inventory, the T-shirts were produced in 2018. In 2019, Giordano: Item (ii) produces 450 T-shirts, Item (iii) sells 350 T-shirts to the households in Hong Kong, Item (iv) sells 80 T-shirts to Thailand. The price of each T-shirt is $100 in 2018 and 2019. How can we use the components of expenditure approach (C, I, G, EX, IM) to capture the effects of the above activities on the GDP of Hong Kong in 2019? In the Answer File, you should state clearly which component of the GDP in 2019 will be affected and how. For example, suppose that you think that the component "consumption (C) " will be increased by item (ii), then you will present your answer as: "C": item (ii) + 450 x $100 = + $45,000 It is possible that some items might affect more than one of the components of the GDP, and that some items do not affect any of the components of the GDP in 2019. Also, you should compute the net effect of all of the items on the GDP of Hong Kong in 2019. You have to specify clearly if the GDP in 2019 will increase or decrease, and by how much, or will not be affected

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