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ECON 1012 Tien: Macroeconomics Homework 2 Answer Key ECON 1012 Tien: Macroeconomics Homework 2 Answer Key
  • ECON 1012 Tien: Macroeconomics Homework 2 Answer Key

  • Antworten • 1 Seiten • 2019
  • Westeros Computing Total profit = Total revenue - Total cost = $0.7 million Meereen Supercomputer Total profit = Total revenue - Total cost = $0.6 million Product approach: Sum of the value of the final product (not counting revenue from Westeros Computing because they produce intermediate goods which are all used up by Meereen Supercomputer) = GDP = $3.8 million Expenditure approach: Y = GDP = C I G Nx In this case, we have two factors: Consumption and Investment. We don’t count the consumpt...
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