Customer Service Chat
Get quote & make Payment
There are three firms in an economy: A, B, and C. Firm A buys $450 worth of goods from firm B and $260 worth of goods from firm C, and produces 260 units of output, which it sells at $3 per unit. Firm B buys $110 worth of goods from firm A and nothing from firm C, and produces 310 units of output, which it sells at $3 per unit. Firm C buys $125 worth of goods from firm A and $75 worth of goods from firm B. It produces output worth $1,050. All other products are sold to consumers.
a) Calculate GDP
b) If a value-added tax (a tax on the total value added by each firm) of 16 percent is introduced, how much revenue will the government get
c) How much would government get if it introduced a 16 percent income tax.
Posted Date: 10/11/2012 9:57:45 AM | Location : United States
Ask an Expert
#GDP, Assignment Help, Ask Question on #GDP, Get Answer, Expert's Help, #GDP Discussions
Write discussion on #GDP
Your posts are moderated
Write your message here..
To make a product workers concentrate on specialized tasks, The system wher...
The system where workers concentrate on specialized tasks to make a product is referred to as: A. Coincedence of wants B. Roundabout production C.Freedom of enterprise
Explain friis equation- affective aperture, In your own words, explain the ...
In your own words, explain the following: a) affective aperture, b) array factor, c) Friis equation, d) Antenna H-plane and E-plane, e) radiation resistance
What is social cost benefit analysis, It refers to the study of feasibility...
It refers to the study of feasibility of a project in terms of its total economic cost and total economic advantages. It means to compare total cost with total advantage if we
Aplia Assignment, Need answers for problems after chapters 10, 11 & 12 for ...
Need answers for problems after chapters 10, 11 & 12 for Macroeconomics in Aplia.com. Need today or tomorrow. Can you help?
Explain augmented saving, Augmented Saving An alternative way of determ...
Augmented Saving An alternative way of determining equilibrium GDP is to find the level of income where the sum of desired injections equals the sum of desired leakages. Desi
Create a graph showing average wages, For this question you will use the da...
For this question you will use the dataset "march01.dat", which includes wages (column 1), age (column 2), a dummy variable indicating females (column 3), and years of education (c
Help, Given the following data for StewieLand, a closed economy in 2012… r...
Given the following data for StewieLand, a closed economy in 2012… real gdp = $20,000 public savings = $1,000 consumption = $11,000 tax revenue collected = $4,000 Solve for
Pdf, asiignment on ppc
asiignment on ppc
State in brief the nominal wage level, State in brief the Nominal wage leve...
State in brief the Nominal wage level In macroeconomics, we are generally not interested in the wage for a specific individual though in the average wage for all employed indi
Leakages in multiplier, In real life, the operation of simple multiplier is...
In real life, the operation of simple multiplier is affected by many leakages. Leakages in the multiplier arise out of the following reasons: (1) Saving: If all the income is sp
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.