hw1 - 6[page 33 1 4 7 Compute GDP by three approaches for...

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Homework 1 (Due September 6) 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 32, 3] AQ 3.
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Unformatted text preview: 6. [page 33, 1] 4. 7. Compute GDP by three approaches for the following economy at year 2000. There are 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 ....
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