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 = $80 billion Dollar value of final output = $110 billion Gross output for this economy equals   Multiple Choice   $260 billion.   an amount that cannot be calculated with the information given.   $110 billion.   $150 billion.

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Chapter1: Making Economics Decisions
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Answer this question based on the given information for an economy in some year.

 

  1. Dollar value of resource extraction activity = $20 billion
  2. Dollar value of production activity = $50 billion
  3. Dollar value of distribution activity = $80 billion
  4. Dollar value of final output = $110 billion

Gross output for this economy equals

 

Multiple Choice
  •  
    $260 billion.
  •  
    an amount that cannot be calculated with the information given.
  •  
    $110 billion.
  •  
    $150 billion.
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