Suppose there are three firms in a small economy: Farm Tech Company I Tech Company II 150 50 75 100 250 200 95 10 40 2300 4000 3600 Wages Rental cost of capital Cost of Inputs Value of output 1. Compute the GDP using each of the three approaches. Show your work.

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A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subparts for you.…

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