(i) Calculate the value added at each stage of production (ii) Calculate  the contribution to GDP from the good

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterA: The Use Of Mathematics In Principles Of Economics
Section: Chapter Questions
Problem 3RQ: Exercise A3 What dome slices of a pie chart represent?
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(i) Calculate the value added at each stage of production

(ii) Calculate  the contribution to GDP from the good

Participants
Cost of
Value of
Materials
Sales
Farmer
$ 0
$ 100
Cone factory
100
250
and ice
cream-maker
Middleperson
250
400
Vendor
400
500
Transcribed Image Text:Participants Cost of Value of Materials Sales Farmer $ 0 $ 100 Cone factory 100 250 and ice cream-maker Middleperson 250 400 Vendor 400 500
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