This preview shows page 1. Sign up to view the full content.
Unformatted text preview: XYS sells three of the supercomputers for $1,000,000 each. At year’s end, it had not sold the fourth. The unsold computer is carried on XYZ’s books as an $800,000 increase in inventory. a. Calculate the contributions to GDP of these transactions using the expenditure approach, output approach and income approach, showing all three approaches give the same answer. b. Repeat part (a), but now assume that, in addition to its other costs, ABC paid $500,000 for imported computer chips....
View Full Document
This document was uploaded on 10/28/2011 for the course ECON 420 at UNC.
- Fall '08