Participants Cost of Materials $ Value of Sales $ Farmer 0 100 Cone Factory and icecream-maker 100 250 Middleperson 250 400 Vendor 400 500 (i) Calculate the value added at each stage of production (ii) Calculate  the contribution to GDP from the good

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A: This table shows different participants , different cost of materials and different values of sales…

Q: Question 3 Participants Cost of Value of Materials Sales $ 0 Farmer Cone factory $ 100 100 250 and…

A: (i) Participants Cost of material  Value of sales Value-added (Value of sales-Cost of material)…

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A: Net National product (NNP) is the value of all goods and produced by the residents of a country.…

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Q: Cost of Materials Value of Sales Participants $ 0 $ 100 Farmer Cone factory and ice cream-maker…

A: (i) Value added can be calculated by using the following formula: Value added=Value of sales - cost…

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A: Introduction The gross domestic product (GDP) is looking at the total production of goods and…