In December 2024
Answer to Question #261157 in Macroeconomics for Steve
A car manufacturing company produces a car worth $20000. 16000 is car components and 4000 is labour coasts. What is the contribution to GDP?
The value added is:
"\\$""20000-\\$16000=\\$4000"
Also by income method,labour income ="\\$4000"
Hence,the contribution to the GDP is "\\$4000"
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