Question: Answer this question based on the given information for an economy in some year. Dollar value of resource extraction activity = $20 billion Dollar value

Answer this question based on the given information for an economy in some year.

  1. Dollar value of resource extraction activity = $20 billion
  2. Dollar value of production activity = $50 billion
  3. Dollar value of distribution activity = $70 billion
  4. Dollar value of final output = $110 billion

Gross output for this economy equals?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Answer this question based on the given information for an economy in some year. Dollar value of resource extraction activity = $20 billion Dollar value of production activity = $50 billion Dollar...

Q:

Answer this question based on the given information for an economy in some year. I. Dollar value of resource extraction activity = $20 billion Il. Dollar value of production activity = $50 billion...

Q:

Econ 3 Answer this question based on the given information for an economy in some year. 1. Dollar value of resource extraction activity = $20 billion Il. Dollar value of production activity = $50...

Q:

this question based on the given information for an economy in year 1. i. Dollar value of resource extraction activity = $20 billion ii. Dollar value of production activity = $50 billion iii. Dollar...

Q:

Case study Amazon.com; Driving disruptive change in grocery US Market. Based on case this case study, answer all question based on mark given: 1) State the case? 2) identify the problem and its...

Q:

Case study Amazon.com; Driving disruptive change in grocery US Market. Based on case this case study, answer all question based on mark given: 1) State the case? 2) identify the problem and its...

Q:

1.What is the solution for Mr. Bolden's issues (or questions) as stated in the first three paragraphs under the section titled Introduction? Substantiate with calculations 2.Establish the nature of...

Q:

MC Qu. 27-153 (Algo) Answer this question based on the... Answer this question based on the given information for an economy in some year. I. Dollar value of resource extraction activity = $20...

Q:

What is the solution to number 6? Wk 1 - Apply: Quiz [due day 7] o 6 10 points eBcok MC Ou. 27-153 (Algo) Answer this question based on the... Answer this question based on the given information for...

Q:

Question 1 (Multiple Choice Worth 2 points) Assume that a country has a high GDP and also one of the worst life expectancy rates in the world. Which limitation of the GDP is highlighted in this...

Q:

How much more money is required to fund an ordinary perpetuity than a 30-year ordinary annuity if both pay $5000 quarterly and money can earn 5% compounded quarterly?

Q:

A proposed production facility requires a fixed capital investment of P10,000,000 and an estimated working capital of P2,000,000. Annual depreciation is estimated to be 10% of the fixed capital...

Q:

Assuming that both soybeans and tobacco can be grown on the same land, a decrease in the price of tobacco, other things being equal, causes a(an) a. rightward shift of the supply curve for tobacco....

Q:

Boutique A is a boutique investment firm that is completing an analysis on Construction Inc., a small publicly traded construction equipment company that one of their clients is contemplating as an...

Q:

8. What values do you want others to associate you with?

Q:

15. Now rank from 1 to 5 the areas that you think are most important to emphasize when communicating with others (1 is least important and 5 is most important to you). If you think it all depends on...

Q:

12. The form of creative action strategy, where would you say you have a strength, as a dreamer, as a realist or as a critic?