Macroeconomic Analysis ECON 6022A Fall 2013 Solutions to Problem Set 1 September 30‚ 2013 1 National Income Accounting ABC Computer Company has a $20‚000‚000 factory in Silicon Valley. During the current year ABC builds $2‚000‚000 worth of computer components. ABC’s costs are labor‚ $1‚000‚000; interest on debt‚ $100‚000; and taxes‚ $200‚000. ABC sells all its output output to XYZ Supercomputer. Using ABC’s components‚ XYZ builds four supercomputers at a cost of $800‚000 each ($500
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Macro homework No.1‚ Chapter 16 Spring 2014 ! Problem I Suppose a person marries his or her gardener and therefore no longer pays him or her for gardening services. GDP______ A. stays the same as long as the services are still provided. B. increases since the services are now provided for free. C. decreases since there is no longer a market exchange. D. stays the same‚ since services are not included in GDP. ! Problem II Peg’s Manicure Manor did 4000
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Assurance of Learning Exercise 5F: Crate & Barrel: While researching companies that ship their products and merchandise overseas‚ I came across Crate & Barrel which was the most interesting. Crate & Barrel is located right here in Cleveland‚ Ohio along with other in store locations across the United States. Crate & Barrel is a store that sells everything from furniture and small kitchen appliances to decorations for the holidays. Mr. Pope at Crate & Barrel was most helpful in explaining
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MADE IN CHINA: MUCH ADO ABOUT NOTHING? Comment By: Samirul Ariff B Othman China’s economic growth has been breathtaking. The Chinese economy grew by an average of 9.6 percent per year between 1990 and 2010‚ according to the International Monetary Fund. During the recent global financial panic‚ some feared that the Chinese growth engine would come to a grinding halt. However despite Chinese exports faltering in 2008‚ the nation did survive the bumpy ride without experiencing political instability
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Econ 302 Name:_____________________ Fall 2014 Problem Set 1 (Thursday September 18‚ 2014 In class – no extensions) Please Print and Answer in the Provided Space 1) Consider the following estimates for an iPad sold in Canada in 2010: retail price $550 (say at Best Buy)‚ Apple (a U.S. corporation) wholesale price $475‚ Apple intermediate costs $385. Of Apple’s intermediate costs‚ $100 was wholly produced by U.S. manufacturers‚ and $285 from other foreign producers. Suppose the production chain was
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with Japan. For the company‚ choice central and western China to build factories can reduce labor costs. Marketing factors China is the world’s most important CD‚ DVD players market. The growing wealth of the Chinese people has added Chinese purchasing power. China’s main import markets‚ in order of importance‚ are Japan (13.3%)‚ European Union (11.7%)‚ South Korea (10.9%)‚ Taiwan (9.1%)‚ and the United States (7.2%). Therefore‚ Japanese products are competitive products in China. But we also contend
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the importance‚ size and worth of the market considerable‚ will there be enough demand or needs from the market to sustain the business in the area. Measurable obviously giving us a catch that things or factor must be able to measure such as purchasing power‚ segmented size and characteristic. Accessible ensures that goods‚ product or services can access that particular area to be segmented‚ for example‚ if a company decided to advertise a certain product in the area but the area there has no stable
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of Hukou and unionization policy. -Underpriced wage directly impacts the relationship between laborers and employers transferring household’s real income into producers’ investments. II. The undervalued RMB policy also cuts the household’s purchasing power and strengthens the distortion of the domestic economy. -How RMB is undervalued. -How the undervalued currency creates distortions. III. Financially repressive policies played a key role in orchestrating the unprecedentedly wide spread of
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government could lead to problems for a Ruth’s Chris franchise in that country. The restaurant would go through a hard time get the proper clearance to set up operations‚ war could break out and a risk exists of the government or a new government power taking claim and repossessing the restaurant. 3. What would be your choice of top 5 opportunities? How did you reach your conclusion? • Singapore There is a growing affinity for Western-style products and way-of-living and it has potential
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1.0 Introduction Motorola Inc. was established at 1928. The products are divided into two independent public companies‚ Motorola Mobility and Motorola Solutions on January 4‚ 2011. The company entried into the mobile radio communications area by the initial car radio‚ after developing it becomes to be one of the largest electronics corporation in the United States. 2.0 Planning 2.1 First step The basic principle of Motorola Inc. is to increase the market share. So they began the international
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