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雷达卡
1. Assume thefollowing is a complete description of all economic activity in the country of Boloniafor 2012.
· There are thousands of farmers but only two bigbusiness firms in Bolonia: Axle Motors(an automobile manufacturing company) and Super Shopper (a chain of foodmarkets). There are no taxes and nodepreciation.
· Axle Motors produced 1,000 small cars which they soldat $9,000 each, and 100 trucks which they sold at $15,000 each. Consumersbought 800 of the cars and the remaining 200 were exported to the UnitedStates. Super Shopper bought all of thetrucks.
· Sales at Super Shopper markets totaled $14 million,all of it sold to consumers.
· All of the farmers in Bolonia are self-employed andsell all of their wares to Super Shopper.
· There is a government, which paid its president andcongress a total of $5 million for their services.
· Consumers imported 300 Korean Hyundais at a cost of$12,000 each.
· The costs incurred by all businesses were as follows:(all amounts are in dollars)
|
| Axle Motors | Super Shopper | Farmers |
wages | 7,800,000 | 6,500,000 | 0 |
interest | 200,000 | 300,000 | 1,100,000 |
rent | 400,000 | 1,500,000 | 2,400,000 |
food purchases | 0 | 7,000,000 | 0 |
Compute the 2012 GDP for Bolonia using the "sumof final demands" approach.
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. Use the data given to compute Bolonia’s GDP using the“sum of factor payments” approach.
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