A Suppose that we have the following data for Amazon operations in the US: Sales Cost of Goods $469.8B $365.6B Expenses Labor Compensation $10.2B $2.5B $5.9B $22.7B $42.5B $150.7B Utilities Materials Shipping Costs Sales Taxes/Tariffs Capital Expenditures Change in Retail Inventories Change in Material Inventories $16.5B -$2.7B Amazon's Contribution to Gross Domestic Product for the US would be: a) $120.7B b) $34.2B c) $44.4B d) $86.9B
A Suppose that we have the following data for Amazon operations in the US: Sales Cost of Goods $469.8B $365.6B Expenses Labor Compensation $10.2B $2.5B $5.9B $22.7B $42.5B $150.7B Utilities Materials Shipping Costs Sales Taxes/Tariffs Capital Expenditures Change in Retail Inventories Change in Material Inventories $16.5B -$2.7B Amazon's Contribution to Gross Domestic Product for the US would be: a) $120.7B b) $34.2B c) $44.4B d) $86.9B
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:4) Suppose that we have the following data for Amazon operations in the US:
Sales
$469.8B
$365.6B
Cost of Goods
Expenses
Labor Compensation
$10.2B
Utilities
$2.5B
$5.9B
$22.7B
$42.5B
$150.7B
Materials
Shipping Costs
Sales Taxes/Tariffs
Capital Expenditures
Change in Retail Inventories
Change in Material Inventories
$16.5B
-$2.7B
Amazon's Contribution to Gross Domestic Product for the US would be:
a) $120.7B
$34.2B
c) $44.4B
d) $86.9B
5) Suppose that we have the following data for one of Amazon's wholly owned subsidiaries (i.e.
100% owned by Amazon US) - Amazon China (Formerly known as Joyo.com). Amazon
China is headquartered in the Chaoyang District, Beijing.
$125.6B
Sales
Cost of Goods
$79.8B
Expenses
Labor Compensation (Foreign Residents)
Labor Compensation (American Residents)
Utilities
Materials
$10.2B
$2.5B
$1.9B
$1.2B
$8.4B
Shipping Costs
Sales Taxes/Tariffs
$5.1B
$80.6B
Capital Expenditures
Change in Retail Inventories
Change in Material Inventories
-$3.5B
$1.5B
Assuming that Amazon China's earnings are repatriated annually, their contribution to US
Gross Domestic Product & Gross National Product would be:
a) $0, $32.3B
b) $32.3B, $17B
c) $0, $17B
d) $0, $2.5B
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