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....
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- Fall '08
- Integrated Circuit, Measures of national income and output