6) The following table describes the economic activities of a hypothetical economy in a given year. Calculate the value-added at each step of the economic activities and its contribution to GDP. s ofal Item Seller Buyer Price ($) Value added ($) Kilogram of Lemons Liter of lemon juice Farmer Factory 6 Factory Restaurant 10 Liter of lemon juice used as salad dressing Restaurant Consumers 16

6) The following table describes the economic activities of a hypothetical economy in a given year. Calculate the value-added at each step of the economic activities and its contribution to GDP. s ofal Item Seller Buyer Price ($) Value added ($) Kilogram of Lemons Liter of lemon juice Farmer Factory 6 Factory Restaurant 10 Liter of lemon juice used as salad dressing Restaurant Consumers 16

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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