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Macroeconomics 5th Edition by Olivier Blanchard
Edition 5ISBN: 978-0132159869Macroeconomics 5th Edition by Olivier Blanchard
Edition 5ISBN: 978-0132159869 Exercise 2
Suppose you are measuring annual U.S. GDP by adding up the final value of all goods and services produced in the economy. Determine the effect on GDP of each of the following transactions.
a. A seafood restaurant buys $100 worth of fish from a fisherman.
b. A family spends $100 on a fish dinner at a seafood restaurant.
c. Delta Air Lines buys a new jet from Boeing for $200 million.
d. The Greek national airline buys a new jet from Boeing for $200 million.
e. Delta Air Lines sells one of its jets to Denzel Washington for $100 million.
a. A seafood restaurant buys $100 worth of fish from a fisherman.
b. A family spends $100 on a fish dinner at a seafood restaurant.
c. Delta Air Lines buys a new jet from Boeing for $200 million.
d. The Greek national airline buys a new jet from Boeing for $200 million.
e. Delta Air Lines sells one of its jets to Denzel Washington for $100 million.
Explanation
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(a) Using the final goods approach to ca...
Macroeconomics 5th Edition by Olivier Blanchard
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