HW1 - two final goods, FG1 and FG2, and one intermediate...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Homework 1 (Due September 10) 1. [page 30, 3] NQ 1 (a, b, c, d). (NQ means numerical question, AQ means analytical question, and so on). 2. [page 31, 3] NQ 2 (a, b, c). (This NQ 2 is the first of the two NQ 2 in this page. The second NQ 2 should be NQ 3. In this question, compute real GDP by the non chain-weighted method.) 3. [page 31, 3] NQ 3 (a, b). 4. [page 32, 3] AQ 1. 5. [page 33, 3] AQ 3. 6. [page 33, 1] 4. 7. Compute GDP by three approaches for the following economy at year 2000. There are
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: two final goods, FG1 and FG2, and one intermediate good, IG. IG is used as the material to produce FG1 and FG2. FG 1 is a consumption good. FG 2 is a capital good. We have the following data from year 2000: IG FG1 FG2 material 0 $6 $4 wage $7 $9 $8 interest $3 $1 $2 . Each sector earns zero profit. (Profit Revenue-Material cost-Wage-Interest.)...
View Full Document

This note was uploaded on 10/19/2008 for the course ECON 3140 taught by Professor Mbiekop during the Fall '07 term at Cornell University (Engineering School).

Ask a homework question - tutors are online