Question
Ques 4. During 2009, flow A was $13.0 trillion, flow B was $9.1 trillion, flow D was $3.3 trillion, and flow E was -$0.8 trillion.Calculate
Ques 4. During 2009, flow A was $13.0 trillion, flow B
was $9.1 trillion, flow D was $3.3 trillion, and
flow E was -$0.8 trillion.Calculate the 2009 values of
a. GDP.
b. Government expenditure.
7. A U.S. market research firm deconstructed an
Apple iPod and studied the manufacturers, costs,
and profits of each of the parts and components.
The final results are
An Apple iPod sells in the United States for
$299.
A Japanese firm, Toshiba, makes the hard disk
and display screen, which cost $93.
Other components produced in South Korea
cost $25.
Other components produced in the United
States cost $21.
The iPod is assembled in China at a cost of $5.
The costs and profits of retailers, advertisers,
and transportation firms in the United States
are $75.
a. What is Apple's profit?
b. Where in the national income and product
accounts of the United States, Japan, South
Korea, and China are these transactions
recorded.
c. What contribution does one iPod make to
world GDP?
11. Calculate net domestic income at factor cost
and the statistical discrepancy.
Use the following data to work Problems 12
and 13.
Tropical Republic produces only bananas and
coconuts. The base year is 2008, and the table gives
the quantities produced and the prices.
Quantities 2008 2009
Bananas 800 bunches 900 bunches
Coconuts 400 bunches 500 bunches
Prices 2008 2009
Bananas $2 a bunch $4 a bunch
Coconuts $10 a bunch $5 a bunch
12. Calculate nominal GDP in 2008 and 2009.
13. Calculate real GDP in 2009 expressed in base year
prices.
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