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

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 2SCQ: Continuing from Exercise 7.1, the films factory sits on land owned by the firm that it could rent...
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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
Transcribed Image Text: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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