Eliminating intermediate goods and services

Assignment Help Business Economics

Reference no: EM13815147

Use the following information to answer the question: There are three firms in an economy: X, Y, and Z. Firm X buys $400 worth of goods from Firm Y, and $200 worth of goods from Firm Z to produce 250 units of output at $3 per unit. Firm Y buys $250 worth of goods from Firm X and $250 worth of goods from Firm Z to produce 250 units of output at $4 per unit. Firm Z buys $100 worth of goods from Firm X and $500 worth of goods from Firm Y to produce 500 units at $2 per unit. Given this information, using the Value Added approach to eliminating intermediate goods and services (in order to avoid double-counting), what is the economy's GDP?

Reference no: EM13815147

Questions Cloud

What is net present value of investment-What was that worth : ESPN currently pays the NFL $1.1 billion per year for eight years for the right to exclusively televise Monday Night Football. What is the net present value of this investment if the parent Disney Company has an opportunity interest rate equal to its..

What contributed to rise of your royal state : What contributed to rise of your royal state and how did your monarch justify his/her power? How did you and your fellow countrymen participate or react to these changes and why?

The value of the study in relation to social psychology : The value of the study in relation to social psychology

Policies as transportation and communication costs decrease : Less-developed countries have a greater incentive to adopt sound institutions and policies as transportation and communication costs decrease. Political decentralization makes it easier for governments to levy taxes and spend revenues on things that ..

Eliminating intermediate goods and services : Use the following information to answer the question: There are three firms in an economy: X, Y, and Z. Firm X buys $400 worth of goods from Firm Y, and $200 worth of goods from Firm Z to produce 250 units of output at $3 per unit. using the Value Ad..

Foreign affairs-domestic policy and national security : Select three presidents and research their Chief of Staff and White House advisers during their tenure as President. Create a chart comparing and contrasting how these advisers influenced each president in economics, foreign affairs, domestic policy ..

Discuss the advantages of probation and parole : Violations of criminal law can be different types and can vary in severity. Discuss the advantages of probation and parole

Construct a confidence interval around the sample mean : With a sample size of 30, a sample standard deviation of 4.5 hours and using a 0.10 significance level, what critical value will you be using to construct a confidence interval around the sample mean?

Correct interpretation of the confidence interval : Suppose an ASU student sampled 50 students to estimate the proportion of students that favor Billy Big time for Student Body President. The student calculated a sample proportion of .38 and a 95% confidence level that had a margin of error of .02. Wh..

User Account

All Pages