Solution-Discuss the concept of gdp

Discuss the concept of gdp

Assignment Help Macroeconomics

Reference no: EM13674773

Discuss the concept of GDP, and calculate the GDP from the following information. you should calculate the GDP by the three methods (production, income, and expenditure)

tea farm
Salary and wages	30,000
Tax	2,000
Revenue from selling tea	100,000
Selling tea for public	30,000
Selling tea for Ice tea Co.	20,000
Selling tea for lemon tea Co.	50,000

Ice tea Co.
Salary and wages	50,000
tax	4,000
Tea from tea farm	20,000
Revenue from selling Ice tea	200,000
Selling Ice tea for public	150,000
Selling Ice tea for lemon tea Co.	50,000

Lemon tea Co.
Salary and wages	70,000
tax	8,000
Tea from tea farm	50,000
Ice tea from Ice tea Co.	50,000
Revenue from selling lemon tea	400,000
Selling lemon tea for public	200,000
Selling lemon tea for Effat	200,000

Effat
tax	3,000
Lemon tea from lemon tea Co	200,000
Revenue from selling	700,000

Reference no: EM13674773

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Discuss the concept of gdp

Reference no: EM13674773

Reference no: EM13674773

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