Question

Orange growers sell $17 million of their crop to orange juice processors and $4 million of their crop to supermarkets. The orange juice processors sell their orange juice to supermarkets for $19 million. The supermarkets sell oranges to consumers for $12 million, orange juice to consumers for $16 million, and orange juice to restaurants for $5 million. The restaurants sell orange juice to consumers for $12 million.
a. Calculate the amounts oranges and orange juice contributes to GDP.
b. Calculate the value added by orange growers, orange juice processors, supermarkets, and restaurants.



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  • CreatedAugust 26, 2013
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