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Economics, Monetary Theory/Policy
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GDP
Sample problems: caculate the totals change in a year's GDP
A family sells a home, without using a broker, for $150,000. They could have rented it on the open market for $700 per month. They buy a 10-year old condo for $200,000; the broker's fee on the transaction is 6% of the selling price. The condo owner was formerly renting the unit for $500 per month
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GDP - Calculate the totals change in a year's GDP:
You win $25,000 in your state lottery. Ever the entrepreneur, you decide to open a Ping Pong ball washing service, buying $15,000 worth of equipment fro Spiffy Ball Ltd, Of Hong Kong and $10,000 from Ball Kleen of Atlanta.
GDP - Problem caculate the total change in a year's GDP:
General Electric uses $10 million worth of steel,glass, and plastic to produce dishwashers. Wages and salaries in the dishwasher division are $40 million: the divisions only other expense is $15 million in interest that it pays on its bonds. The divsion revenue for the year is $75 million.
GDP - caculate the total change in a years GDP:
On March 31, you decide to stop throwing away $50 a month on convenince store nachos. You buy $200 worth of equipment, corn meal, and cheese, and make your own nachos for the rest of the year.
GDP - Calculate the total change in a year's GDP:
Tone Artists, Inc. produces 100,000 new White Snake CD's that it prices at $15 a piece. Ten thousand CDs are sold abroad, but alas, the rest remain unsold on warehouse shelves.
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