Question: Answertechnical question one andapplication question one on pp. 348-349 of Farnham textbook, 3rd edition. Technical Question 1. Discuss the impact of each of the following
Answertechnical question one andapplication question one on pp. 348-349 of Farnham textbook, 3rd edition.
Technical Question 1.
Discuss the impact of each of the following transactions on the calculation of Japan's GDP.
a. A Japanese household bought a new computer produced in the current year.
b. A Japanese household bought a new computer produced in the previous year.
c. A Taiwanese household bought a used computer from a Japanese household.
Application Question 1.
Drawing on current business publications and using the opening case of the chapter as a guide, discuss how the slow economic recovery in 2011 and 2012 has affected the current strategies of firms other than those mention
ed in the case.
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