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Economics for Manager Book by Farnham Chapter 11: Measuring Macroeconomic Activity Technical Questions 1. Discuss the impact of each of the following transactions on the

Economics for Manager Book by Farnham

Chapter 11: Measuring Macroeconomic Activity

Technical Questions

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

  1. A Japanese household bought a new computer produced in the current year.
  2. A Japanese household bought a new computer produced in the previous year.
  3. A Taiwanese household bought a used computer from a Japanese household.

Application Questions

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 mentioned in the case.

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