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STUDENT INFORMATION
Name: Lê HOẰNG ANH Roll number: HE153555
Room No: Class: MKT 1608
Individual Assignment 01
Question1. (2 points)
- Singapore has the absolute advantage in the production of both TV sets and
Cars over Malaysia because given the same resources, Singapore can produces more
than Malaysia
+ Which country has the comparative advantage either in the production of TV sets
or in the production of Cars over the other?
Table 02
The following Table 03 shows the numbers of man – days taken to produce an
equivalent amount of six commodities in each of the two countries – Switzerland
and Sweden.
Table 03
+ Assuming that there are no other costs of production. Which two commodities is
Sweden most likely to import from Switzerland?
- Coal
- Wheat
Question 2 (2 points):
Given the following annual information about a hypothetical country, answer the following questions
(Expenditure Approach to GDP)
Billions of Dollars
Personal consumption expenditures $200
Personal taxes 50
Exports 30
Depreciation 10
Government purchases 50
Gross private domestic investment 40
Imports 40
Government transfer payments 20
GDP=200+40+50+(30−40)GDP=200+40+50+(30−40)
GDP=$280
280−10=$270
40−10=$30
30−40=$−10
Question 3 (2 points):
Given the following annual data, answer the following questions;
Billions of Dollars
New residential construction $500
Purchases of existing homes 250
Sales value of newly issued stocks and bonds 600
New physical capital 800
Depreciation 200
Household purchases of new furniture 50
Net change in firms’ inventories 100
Production of new intermediate goods 700
Question 4 (2 points)
Refer to the information provided in Table 6.1 below to answer the questions that follow.
Question 5. (2 points)