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Answer to Question #261157 in Macroeconomics for Steve

Question #261157

A car manufacturing company produces a car worth $20000. 16000 is car components and 4000 is labour coasts. What is the contribution to GDP?


1
Expert's answer
2021-11-04T16:22:09-0400

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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