econ 105 Assignment 1

econ 105 Assignment 1 - Q 3 Labor Force = number of...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Assignment 1 Yakun Yu 301158881 [email protected] Q 1. a) This is directly counted as part of U.S GDP. This action causes an increase in I. c) This is not directly counted as part of U.S GDP, because this is not a final goods or services. g) This is not directly counted as part of U.S GDP, because this service is not produced for the market . h) This is directly counted as part of U.S GDP. This action causes an increase in NX. I) This is not directly counted as part of U.S GDP, because this is a transfer payment which could cause a double counting so it shouldn't be counted .
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Q 3. Labor Force = number of employed + number of unemployed = 4,000,000 + 1,000,000 = 5,000,000 Unemployment Rate = (unemployed / labor force) x 100 =( 1,000,000 / 5,000,000) x 100 = 20 Q7. the total real GDP stays unchanged change in inventories = inventories at the end of the year - inventories at eh beginning of the year both inventories at the end of the year and inventories at eh beginning of the year will go up, so the change in inventories stays unchanged...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern