\fB + 2021 Japan and the Global Economy A $ 1 DBOf#1 1). Suppose a country is excavating iron ore to make steel, and then machines afterwards. If for some certain year, the production of iron ore has the equivalent value of 2 billion yen, and the production of steel and machine is 5 billion and 8 billion respectively, how much is the GDP of this country? (For simplicity, we do not consider the other production) A. 15 billion B. 13 billion C. 8 billion D. 6 billion 2). Suppose a country produces noodles and dumplings only. In year 2010, the unit price of noodle and dumpling is 300 yen and 200 yen each. When it comes to 2011, the price has gone up to 400 yen and 300 yen respectively. Let's assume that the quantity produced in 2010 is 10 for noodle and 10 for dumpling, and the quantity in 2011 is 12 and 15 respectively. If 2010 is the base year, please calculate the GDP deflator in 2011. A. 1.32 B. 1.4 C. 1.41 D. 1.5 3). Let's consider the Solow Model without technology advancement. Y(t)=2K(t) (1/2)*L(t)^(1/2) The population growth rate=0.02 Capital accumulation is s*Y(t)-d*K 8=0.2, d=0.03 d is the capital depreciation rate. In the steady state, please calculate the following measurements. (@)Capital per capita A. 16 B. 24 C. 36 D. 48 E. 64 F. None of the above