Jarviland is a small country with only two sectors: microchips and computers. This year, the toal revenue df the microchips sector is £3 billion, where £2 billion comes from sales to the computer sector and the rest from sales to consumers. All the output of the computer sector is bought by consumers at a total of E5 billion. What is the GOP of Jarviland? Select one answer: O Using the production approach it is £8 billion. O Using the expenditure approach it is £6 billion. O There is not enough information to compute the GDP in the island of Jarviland. O Using the income approach it is £7 billion.

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MOD-
Jarviland is a small country with only two sectors: microchips and computers. This year, the tolal revenue df the
microchips sector is £3 billion, where £2 billion comes from sales to the computer sector and the rest from sales to
consumers. All the output of the computer sector is bought by consumers at a total of E5 bilion. What is the GDP
of Jarviland?
Select one answer:
O Using the production approach it is £8 billion.
O Using the expenditure approach it is £6 billion.
O There is not enough information to compute the GDP in the island of Jarviland.
O Using the income approach it is £7 billion.
Transcribed Image Text:MOD- Jarviland is a small country with only two sectors: microchips and computers. This year, the tolal revenue df the microchips sector is £3 billion, where £2 billion comes from sales to the computer sector and the rest from sales to consumers. All the output of the computer sector is bought by consumers at a total of E5 bilion. What is the GDP of Jarviland? Select one answer: O Using the production approach it is £8 billion. O Using the expenditure approach it is £6 billion. O There is not enough information to compute the GDP in the island of Jarviland. O Using the income approach it is £7 billion.
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