A computer company produces a $2,000 computer using $1,200 worth of electronic components and $600 worth of labour hours. For this activity, which of the following is true: The contribution to GDP is $2,000 Value-added is $800 The contribution to GDP is $3,200 Value-added is $200
A computer company produces a $2,000 computer using $1,200 worth of electronic components and $600 worth of labour hours. For this activity, which of the following is true: The contribution to GDP is $2,000 Value-added is $800 The contribution to GDP is $3,200 Value-added is $200
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A computer company produces a $2,000 computer using $1,200 worth of electronic components and $600 worth of labour hours. For this activity, which of the following is true:
The contribution to GDP is $2,000
Value-added is $800
The contribution to GDP is $3,200
Value-added is $200
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