(no subject)

Dec 11, 2006 17:14

firm produces 10 units, $5 each. sells 5 to consumers, keeps 5 as inventory, pays $10 in wages, $5 as taxes, gov pay army $15 in wages, consumers(includes army) pays $10 in taxes

calculate GDP using the product, expenditure, and income approaches

anyone who understand macroecon please tell me the GDP is $65
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