econ1006

L Decide how each of the following transactions would directly affect HK GDP (unless otherwise specified). Determine which expenditure component(s) would be affected, if any. If cal the transactions would not affect GDP, explain why. tin The Hong Kong Government has spent about $8 billion for the procurement of COVID-19 vaccines from other countries in the year. The vaccination was provided to HK citizens for 34 free . The administration costs of the vaccination provision, such as recruiting medical staffs, was about $0.5 billion. However, with public concerns over safety of vaccination mounting, llic the take- up rate was low. Suppose eventually half of the vaccines were unused this year.