Suppose that during the year 2025, a software company spends $800,000 on research and development (RD) to make a new iPhone app called “Pheromone…

Suppose that during the year 2025, a software company spends $800,000 on research and development (R&D) to make a new iPhone app called “Pheromone Detector:” When you bring your phone near someone and ask them to look at you, the app tells you whether that person is attracted to you. The app is priced at $500 per download, and during the year 2025, it is purchased by 400 people. In the expenditure approach, which component or components of GDP in 2025 are affected by all this activity, and by how much? What is the total contribution of this activity to GDP in 2025?

Looking for this or a Similar Assignment? Click below to Place your Order

Open chat
%d bloggers like this: