From the following data calculate the gross value added at market price. 700 None 1300 Categories (ON 1200 Subsidy 50 Sales 900 Depreciation 20 Exports 200 Closing stock 150 Opening stock 50 intermediate consumption 300

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
icon
Related questions
Question
From the following data calculate the gross value added at market price
700
None of the given choices
1300
Categories
(ON 1200
Subsidy
50
Sales
900
Depreciation
20
Exports
200
Closing stock
150
Opening stock
50
Intermediate consumption
300
Transcribed Image Text:From the following data calculate the gross value added at market price 700 None of the given choices 1300 Categories (ON 1200 Subsidy 50 Sales 900 Depreciation 20 Exports 200 Closing stock 150 Opening stock 50 Intermediate consumption 300
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Value Added Method
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Microeconomic Theory
Microeconomic Theory
Economics
ISBN:
9781337517942
Author:
NICHOLSON
Publisher:
Cengage