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macro ha2 - копия - Name Mussa Yernur(individual work...

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Name: Mussa Yernur (individual work) ID: 20152379 Date: 22.09.15 Home Assignment #2 (7,14,33,49) Topic: Measuring GDP and Economic growth, Monitoring jobs and inflation. Problem #1 (Problem set #2, problem#7): Answers : a) This decision made by Toyota motor corp. will positively influence GDP of the USA, therefore GDP will increase. Due to the factors: 1) it will open new work places in the USA, 2) it will increase the number of the net exports of goods, 3)also the USA can import these Priuses b) First of all, Toyota will need more workers to produce Priuses. Therefore Toyota will pay more salary and taxes. Also Toyota will buy or rent a territory for the factories, it also gives money. Problem #2 (Problem set #2, problem#14): Answers: a) First of all, we should take into account that GDP concentrates on the factors such as the amount of the production of goods and services, these products lead to enhancing people's welfare. However, HDI (human development index) also takes into account other factors such as health and education. According to Stiglitz
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