This preview shows page 1. Sign up to view the full content.
Unformatted text preview: job but would like one, and 4 are in jail. Assume there is no government and no foreign sector. 1. There are three methods used to calculate GDP. What are they? 2. There are three types of investment. What are they? 3. Which type of investment do we have here? What is the value? 4. Find a value for consumption. 5. What is Company Y’s value added? 6. What is Company X’s value added? 7. What is the value of GDP? 8. What are total wages? 9. What is total rent? 10. What is total profit? 11. Does wages + rent + profit = GDP? 12. What is the unemployment rate? 13. What is the labor force participation rate? 14. What measure would you use to report the standard of living?...
View Full Document
This note was uploaded on 11/08/2011 for the course ECO 3203 taught by Professor Yang during the Fall '10 term at University of Central Florida.
- Fall '10