Emcpnetgdprank if you want to check a different year

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Unformatted text preview: countries according to per capita GDP, go to the CIA World Factbook at www.emcp.net/GDPrank. (If you want to check a different year, simply change the year in the Web address.) is $700 billion, government purchases are $1,200 billion, export spending is $100 billion, and import spending is $150 billion. What does GDP equal? 4. A computer company produces 25,000 computers this year and sells 22,000 to its customers. According to government statisticians, however, all 25,000 computers have been purchased. How do the statisticians reach this conclusion? Critical Thinking 5. Suppose country X has a GDP that is three times larger than that of country Y. Are the people in country X better off than the people in country Y? Explain your answer. Applying Economic Concepts 6. A family has six people, five of whom produce goods and services that are sold directly to consumers. One person in the family is too young to work. How would you go about measuring the family’s “GDP”? 11 (286-309) EMC Chap 11 11/17/05 6:06 PM...
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