YEAR QUANTITY PRODUCED PRICE PER UNIT 2015 100 R 35 000 2016 95 R 40 000 2017 108 R 43 000 Calculate the contribution to gross domestic product (GDP) by this industry in 2016 and 2017. Show your calculations. Calculate the contribution to real GDP in 2017 if 2015 is the base year. Show your calculations.
YEAR QUANTITY PRODUCED PRICE PER UNIT 2015 100 R 35 000 2016 95 R 40 000 2017 108 R 43 000 Calculate the contribution to gross domestic product (GDP) by this industry in 2016 and 2017. Show your calculations. Calculate the contribution to real GDP in 2017 if 2015 is the base year. Show your calculations.
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 4SQ
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YEAR | QUANTITY PRODUCED | |
2015 | 100 | R 35 000 |
2016 | 95 | R 40 000 |
2017 | 108 | R 43 000 |
Calculate the contribution to |
Calculate the contribution to real GDP in 2017 if 2015 is the base year. Show your calculations. |
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