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produces apples, 1200 to consumers (final users) and 700 to Firm 2. Firm 2 produces apple juice, 2500 to consumers (final users). What are the contribution of the two firms to the GDP?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Measuring A Nation's Income

Section: Chapter Questions

Problem 3QR

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Firm 1 produces apples, 1200 to consumers (final users) and 700 to Firm 2. Firm 2 produces apple juice, 2500 to consumers (final users). What are the contribution of the two firms to the GDP?

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