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1、1.GDPisdefinedasthemarketvalueofallfinalgoodsandservicesproduceda.bythecitizensofacountry,regardlessofwheretheylive,inagivenperiodoftime;thisdefinitionfocusesonGDPasameasureoftotalincome.b.bythecitizensofacountry,regardlessofwheretheylive,inagivenperiodoftime;thisdefinitionfocusesonGDPasameasure
2、oftotalexpenditure.c.withinacountryinagivenperiodoftime;thisdefinitionfocusesonGDPasameasureoftotalincome.d.withinacountryinagivenperiodoftime;thisdefinitionfocusesonGDPasameasureoftotalexpenditure.2.WhichofthefollowingtransactionsaddstoU.S.GDPfor2006?a.In2006,Ashleysellsacarthatsheboughtin2002
3、toWilliamfor$5,000.b.AnAmericanmanagementconsultantworksinMexicoduringthesummerof2006andearnstheequivalentof$30,000duringthattime.c.WhenJohnandJenniferwerebothsing©theylivedinseparateapartmentsandeachpaid$750in「ent.JohnandJennifergotmarriedin2006andtheyboughtahousethat,accordingtoreliableestima
4、tes,couldberentedfor$1,600permonth.d.NoneoftheabovetransactionsaddstoGDPfor2006・3.WhichofthefollowingtransactionsaddstoU.S.GDPfor2006?a.In2006,MarvinWindowsmanufactures20windowsthatwilleventuallybeinstalledinanofficebuildinginMinneapolis.ThewindowsremaininMarvin^inventoryattheendof2006・b.AnIrish
5、marketingconsultantworksinBostonduringthesummerof2006andearns$30,00()duringthattime.c.WhenJohnandJenniferwerebothsingle,theylivedinseparateapartmentsandeachpaid$750inrent.JohnandJennifergotmarriedin2(X)6andtheyboughtahousethat,accordingtoreliableestimates,couldberentedfor$1,600permonth.cl.Allof
6、theabovetransactionsaddstoGDPfor2006・4.Asteelcompanysellssomesteeltoabicyclecompanyfor$100-Thebicyclecompanyusesthesteeltoproduceabicycle,whichitsellsfor$200.Takentogether,thesetwotransactionscontributea.$100toGDP.b.$200toGDP.c.between$200and$300toGDP,dependingontheprofitearnedbythebicyclecompan
7、ywhenitsoldthebicycle.d.$300toGDP.5.Gasolineisconsideredafinalgoodifitissoldbyaa.gasolinestationtoabuscompanythatoperatesabusroutebetweenSanFranciscoandLosAngeles.b.pipelineoperatortoagasolinestationinSanFrancisco.c.gasoline