econ 105 Assignment 1

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

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Assignment 1 Yakun Yu 301158881 yakuny@sfu.ca 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 .
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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...
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This note was uploaded on 02/18/2012 for the course ECON 105 taught by Professor Hanafiahharvey during the Spring '08 term at Simon Fraser.

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