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