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Answer to Question #222551 in Macroeconomics for Muskan saifi

Question #222551
Q1(a) A firm makes and sell jam using fruit it buys from another firm for rupees 70000. It pays its workers Rs. 50000, pays Rs. 10000 in taxes and has profits of Rs. 40000. What is its value added?
1
Expert's answer
2021-08-04T13:00:14-0400

Value added "= [70,000+50,000+10,000+40,000]=Rs.170,000"


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