Econ 105 hw - 1.Using the expenditure approach, which of...

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1.Using the expenditure approach, which of the following would be directly counted as part of U.S GDP? For those that count ,state whether the action causes an increase in C,I,G,or NX.(I f you need to make any special assumptions, state them). a. A new personal computer produced by IBM,which remained unsold at the year’s end. g. A transaction in which you clean your roommate’s apartment in exchange for his working on your car h. An Apple iMac computer produced in the United States and purchased by a French citizen. i. The government ‘s Social Security payments to retired people. 3. The country of Freedonia uses the same method to calculate the unemployment rate as the U.S Bureau of Labor Statistics uses. From the following data, compute Freedonia’s unemployment rate. Population 10,000,000 Under 16 3,000,000 Over 16 In military service 500,000 In hospitals 200,000 In prison 100,000 Worked one hour or more in previous week 4,000,000 Searched for week during previous four weeks
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Econ 105 hw - 1.Using the expenditure approach, which of...

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