MACROECONOMICS APT course Home Assignment # 3 (CAATb B PyKOTHCHOM BHIHe Ha IHCTax copMara A-4, CKpenIeHHbIX CTennepom, 29 AHBaps BO BTOPHIK nepex, JeKIHeH B aya. 5214: NOTOK 1 40 9.00, NOTOK 2 40 10.30. PaGOTbI, CAAHHble noske yKa3aHHoro cpoka, byAyT OLIeHHBATbCA CO WITpacoM 50%. PaGOTbl, CAaHHble B J/IeKTPOHHOM BHIMe, npoBePATbCA He byAyT H OLeHHBaFOTCA B O (HOMIb) 6a//IOB. CINCAHHble Apyr y Apyra paboTbI OLIeHHBaHOTCA B O (HOMIb) 6a/UIOB. CTYACHTbl, KOTOPbie HO OObeKTHBHIM nPHYHHAM byAyT OTCYTCTBOBATb B 3TOT ACHb Ha 3aHATHAX, AOMD>KHbI OTCKaHHPOBaTb WIH CooTorpaQupoBaTb CBOH paGOTbI H BbICAaTb He 103AHee yKa3aHHoro cpoka no nouTe Ha W/IeKTPOHHbIN aApec: icef.macro. 1year@gmail.com noske carb paGOTbI Ha Reception And poBepKH). Instruction: make a scan or a photo of your answers for the tasks of each home assignment in order to discuss and to check them in class. Gross Domestic Product 1. Gross Domestic Product (by expenditure approach) I. Define GDP and explain all important terms in the definition. II. In the national income accounts, what is the difference, if any, between the activities listed below? Instructions: Indicate where each activity would be recorded on the expenditure side of GDP accounting [your choices are C (consumption), I (investment), G (government purchases), Ex (exports), Im (imports), and NR (not recorded)]. For C, I and G identify the component of these types of spending. For NR give a brief explanation of the reason in each case. Instruction. Do not rewrite the tasks, put your answers in the following table: The first transaction The second transaction (a) (a) A firm buys an auto for an executive and a firm pays the executive additional income to buy the automobile herself. (b) A housewife buys fish from a fisherman and a seafood restaurant buys fish from this fisherman. c) An airplane producer buys a company producing tyres and an airplane producer buys tyres from a tyre company. d) An advertising agency purchases a new computer printer for its staff and an advertising agency purchases toner for the computer's printer. (e) A firm increases inventories of unsold washing machines and a firm builds a storehouse for storing unsold washing machines. (f) A family buys a new apartment from the construction firm and a family buys a new apartment from another family. (g) A department store hires a retail sales clerk for the summer and a department store buys goods from the wholesaler. (h) A person buys his family a new auto that was manufactured abroad and the city government buys four new buses that were fully produced abroad. (i) The city government pays pensions to the former bus drivers and the city government pays a salary to a fireman
