ECO 210 Chp 5 HA 5

ECO 210 Chp 5 HA 5 - of the computer chip is included in...

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Macroeconomics 210 Chapter 5: GDP: Measuring Total Production and Income HA 5 (pg. 162 #1.2, 1.6; pg. 163 #1.12) 1.2) The GDP would be larger because the value of all goods and services sold would include intermediate goods. 1.6) Yes, the value of the computer chip is not directly counted in the GDP, but the production
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Unformatted text preview: of the computer chip is included in the value-added method of measuring GDP. 1.12) Product Quantity Price per Unit Value Textbooks 100 $60.00 $6,000.00 Hamburgers 100 2.00 200.00 Shirts 50 25.00 1,250.00 Cotton 8,000 0.60 GDP for 2011 = $7,450.00...
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