作业代写｜TUTORIAL1 Week 2 Chapter4 GDP

这是一篇澳洲的经济测验作业代写

Qu. 1. Which of the following are actually included in deriving this year’s GDP? Explain your answer in each case.

(a) dividends on a BHP share  

(b) social security payments received by a retired factory worker

(c) the services of a painter in painting the family home

(d) the money received by Lee when he sells a 1993 Holden to Smith

(e) the monthly allowance that a college student receives from home

(f) rent received on a two-bedroom flat

(g) a $20 million increase in business stocks

(h) the purchase of 100 BHP shares

(i) the purchase of an insurance policy

(j) the market value of a homemaker’s services

Qu. 2. Which component of GDP will be affected by each of the following transactions? If you believe that none of the components of GDP will be affected by the transactions, briefly explain why.

1. You purchase a new apartment.
2. You purchase a second-hand car.
3. An overseas person studies a degree at an Australian university.
4. A dairy farmer in Victoria produces milk which is shipped to Singapore.
5. A Bakers Delight store purchases a new oven.
6. The government builds new roads to help improve access to mine sites in Western Australia.

Question 3.

(a) What is the distinction between nominal GDP and real GDP?

(b) The table below shows GDP at current prices (money GDP) and an appropriate price index (the implicit price deflator) for a group of selected years. Compute GDP at constant 2014-15 prices (real GDP). Also calculate real GDP growth.