Question 3 2 pts The economy of country A has two sectors: wheat-growing, and flour-making. In 2015, the wheat growers p

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Question 3 2 Pts The Economy Of Country A Has Two Sectors Wheat Growing And Flour Making In 2015 The Wheat Growers P 1 (73.09 KiB) Viewed 42 times

Question 3 2 pts 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