Smartwork5 wwnorton.com 68% to Macroeconomi... 12/18/17 1st attempt Which of the

Question

Smartwork5 wwnorton.com 68% to Macroeconomi... 12/18/17 1st attempt Which of the following will be counted in this year's GDP? Choose one or more: A. You purchase a new hard drive for your old laptop. B. Your therapist performs $300 of physical therapy on you but does not report it. C. You detail your car so that it is spotless inside and out. D. You purchase a historic home without the help of a real estate agent. E. Toyota produces 10,000 new Camrys that remain unsold at the end of the year. F. You purchase an Investing for Durmmes book at Barnes & Noble. G. You bought a new wii at GameStop last year and resold it on eBay this year. H. Apple buys 1,000 motherboards for use in making new computers. 19,20 >

Explanation / Answer

Question 1). Answer :- The following economic transactions are counted in the gross development product (GDP) of the current year :-

Option A). You purchase a new hard drive for your old laptop.

Option E). Toyota produces 10,000 new Camrys that remain unsold at the end of the year.

Option F). You purchase an investing for Dummies book at Barnes & Noble.

Question 2). Answer :-

(Percentage change in real GDP = Percentage change in Nominal GDP - Percentage change in price level)

Country Percentage change in real GDP Iran (-) 1.50 % (2.00 % - 3.50 %) Norway 1.60 % (8.50 % - 6.90 %) Peru 3.40 % (6.40 % - 3.00 %) Nigeria (-) 1.00 % (10.00 % - 11.00 %)

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