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Business, 01.10.2019 17:20 fqjenfiq6959

Suppose an economy produces steel, wheat, and oil. the steel industry produces 100,000 in revenue, spends 4,000 on oil, 10,000 on wheat, pays workers 80,000. the wheat industry produces 150,000 in revenue, spends 20,000 on oil, 10,000 on steel, and pays workers 90,000. the oil industry produces 200,000 in revenue, spends 40,000 on wheat, 30,000 on steel, and pays workers 100,000. there is no government. there are neither exports nor imports, and none of the industries accumulate nor accumulate inventories. calculate gdp using the production and income methods.

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Suppose an economy produces steel, wheat, and oil. the steel industry produces 100,000 in revenue, s...
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