ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Answer this question based on the given information for an economy in some year.
- Dollar value of resource extraction activity = $20 billion
- Dollar value of production activity = $50 billion
- Dollar value of distribution activity = $70 billion
- Dollar value of final output = $110 billion
Gross output for this economy equals
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