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Calculate the Gross Domestic Product according to the picture provided

Calculate the Gross Domestic Product according to the picture provided

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Calculate the Gross Domestic Product according to the picture provided.
Nesponsi Illustration Example: PRODUCTION OF BREAD World 40 Php What is the GDP? Supply of Output 1. Production (EGVAS) = (10-0)+ (25-15)+(40-15) = Php 40 Wheat Wheat Bread Con- Total %3D Flour sumption Products Wheat 10 10 Wheat Flour jön Bread 25 2. Expenditure (Co = Php 40 25 40 40 %3D Salary & Profit 10 15 15 Total Products 10 25 40 3. Income (ESalary & Profit) 10 + 15+ 15 = Php 40 %3D NHEA %3D "Wheat" was produced with 10 Php of salary & profit, then sold to "wheat Flour" company "Bakery" shop bought 25 php of "wheat Flour" and add their 15 Php of salary & profit, then sold to "consumer". "Wheat Flour" company bought 10 Php of "wheat" and add their 15 Php of salary & profit, then sold to “Bakery" shop 23 Inpu: for a specific proouct
Transcribed Image Text:Nesponsi Illustration Example: PRODUCTION OF BREAD World 40 Php What is the GDP? Supply of Output 1. Production (EGVAS) = (10-0)+ (25-15)+(40-15) = Php 40 Wheat Wheat Bread Con- Total %3D Flour sumption Products Wheat 10 10 Wheat Flour jön Bread 25 2. Expenditure (Co = Php 40 25 40 40 %3D Salary & Profit 10 15 15 Total Products 10 25 40 3. Income (ESalary & Profit) 10 + 15+ 15 = Php 40 %3D NHEA %3D "Wheat" was produced with 10 Php of salary & profit, then sold to "wheat Flour" company "Bakery" shop bought 25 php of "wheat Flour" and add their 15 Php of salary & profit, then sold to "consumer". "Wheat Flour" company bought 10 Php of "wheat" and add their 15 Php of salary & profit, then sold to “Bakery" shop 23 Inpu: for a specific proouct
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