The economy of country A has two sectors: wheat-growing, and flour-making. In 2015, the wheat growers paid their worker
Posted: Thu May 19, 2022 9:56 am
The economy of country A has two sectors: wheat-growing, and
flour-making.
In 2015, the wheat growers paid their workers a total of $300 and
produced a total of 500 kg of wheat. They sold 100kg directly
to consumers, and 400 kg to the flour mills. The selling
price for 1 kg of wheat was $1.5.
The same year, flour producing firms paid their workers $350. They
produced 350kg of flour: 300kg were sold on the local market, and
50kg were shipped abroad as exports. The selling price for 1 kg of
flour is $4.
Compute the GDP for country A in 2015
flour-making.
In 2015, the wheat growers paid their workers a total of $300 and
produced a total of 500 kg of wheat. They sold 100kg directly
to consumers, and 400 kg to the flour mills. The selling
price for 1 kg of wheat was $1.5.
The same year, flour producing firms paid their workers $350. They
produced 350kg of flour: 300kg were sold on the local market, and
50kg were shipped abroad as exports. The selling price for 1 kg of
flour is $4.
Compute the GDP for country A in 2015