A forestry firm fells trees on provincially-owned land. The trees, once felled, are sold to a...
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A forestry firm fells trees on provincially-owned land. The trees, once felled, are sold to a sawmill that transforms the trunks into planks and posts. The sawmill bought capital goods from a heavy equipment manufacturer. The planks and posts are sold to a DIY (DIY = Do It Yourself) store which then sells them to consumers. Using the information in the table below, compute the GDP of this (provincial) economy using a. Draw a flow diagram of this economy. b. The income approach. c. The expenditure approach. d. The value added approach. Value of output ($) Value of intermediate goods ($) Wages ($) Interest paid ($) Rent ($) Forestry firm 1500 11 400 150 350 Heavy manufacturer 750 300 80 70 equipment Sawmill 3200 1500 600 100 500 DIY store 8000 3200 3000 400 700 1 A forestry firm fells trees on provincially-owned land. The trees, once felled, are sold to a sawmill that transforms the trunks into planks and posts. The sawmill bought capital goods from a heavy equipment manufacturer. The planks and posts are sold to a DIY (DIY = Do It Yourself) store which then sells them to consumers. Using the information in the table below, compute the GDP of this (provincial) economy using a. Draw a flow diagram of this economy. b. The income approach. c. The expenditure approach. d. The value added approach. Value of output ($) Value of intermediate goods ($) Wages ($) Interest paid ($) Rent ($) Forestry firm 1500 11 400 150 350 Heavy manufacturer 750 300 80 70 equipment Sawmill 3200 1500 600 100 500 DIY store 8000 3200 3000 400 700 1
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a Flow Diagram of the Economy Forestry Firm 1500 v Heavy Equipment 750 Manufacturer v Sawmill 500 v ... View the full answer
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date:
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