The following diagram shows select information for an economy made up of three industries for aparticularly year.i+wtr+pIndustry 1f-4010Hwtrtp -0209030Industry 2+f-160i+wtr+pf-0Industry 3m- 100iminterest, wwages/salaries;r=rent pprofit,m=intermediate inputs, s= maket value of total industry output;f=market value of industry output sold as 'final' products.Note: All values are in billions of doll arsWhat is the gross domestic product (at factor prices) for this economy?none is correctO $400 billionO $600 billionO $330 billion24237/take/gustion/200EX

Gross domestic product (GDP) is the total value of all the goods and services produced in the…

The following diagram shows select information for an economy made up of three industries for a particularly year. ladustry 1 f-40 10 wtrip-0 20 90 30 Iadustry 2 +f-160 Industry 3 100 iinterest, wwages'salaries, rrent p profit istermediate inputs, smaket valoe of total industry output, f-maket value of industry output sold as final products Note: All values ae in billions of dollars What is the gross domestic product (at factor prices) for this economy? none is correct O S00 bilon O S600 billon O $330 billion 62500

The following diagram shows select information for an economy made up of three industries for a particularly year. ladustry 1 f-40 10 wtrip-0 20 90 30 Iadustry 2 +f-160 Industry 3 100 iinterest, wwages'salaries, rrent p profit istermediate inputs, smaket valoe of total industry output, f-maket value of industry output sold as final products Note: All values ae in billions of dollars What is the gross domestic product (at factor prices) for this economy? none is correct O S00 bilon O S600 billon O $330 billion 62500

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The following diagram shows select information for an economy made up of three industries for a
particularly year.
i+wtr+p
Industry 1
f-40
10
Hwtrtp -0
20
90
30
Industry 2
+f-160
i+wtr+p
f-0
Industry 3
m- 100
iminterest, wwages/salaries;r=rent pprofit,
m=intermediate inputs, s= maket value of total industry output;
f=market value of industry output sold as 'final' products.
Note: All values are in billions of doll ars
What is the gross domestic product (at factor prices) for this economy?
none is correct
O $400 billion
O $600 billion
O $330 billion
24237/take/gustion/200
EX

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