hrtAn r tin- 11. By how much does GDP rise in each of the following scenarios? Explain. (a) A computer company buys parts from a local distributor for $1 million, assembles the parts, and sells the resulting computers for $2 million. (b) A real estate agent sells a house for $200,000 that the previous owners had bought 10 years earlier for $100,000. The agent earns a commission of $6,000. (c) During a recession, the government raises unemployment benets by $100 million. ({1} A new U.S. airline purchases and imports $50 milliOn worth of airplanes 'om the European company Airbus. (e) A new European airline purchases $50 million worth of airplains from the American company Boeing. (f) A store buys $100,000 of chocolate from Belgium and sells it to customers in the United States for $125,000. 12. Growth and development: In 2014, Ethiopia had a per capita income of $1 ,500, about $4 per day. Compute per capita income in Ethiopia for the year 2050 assuming average annual growth is (a) 3% per year. (13} 5% per year. (c) 1% per year. ({1} 8% per year. 13. Suppose the rural part of a country is hit by a major earthquake that destroys 10 percent of the country's housing stock. The government and private seetor respond with the major construction effort to help rebuild houses. Discuss how this episode is likely to effect: a} The economic well-being of the people live in the country b) The economy's measured GDP