Question: how would I answer this question? MNLogs harvested logs (with no inputs from other companies) from their properly in northern Minnesota, They said these logs

how would I answer this question?

how would I answer this question? MNLogs harvested logs (with no inputs

MNLogs harvested logs (with no inputs from other companies) from their properly in northern Minnesota, They said these logs to MNLumber for $1,C00 and MNLumber cut and planed the logs into lumber. MNLumber then sold the lumber for $2,500 to MNFurniture. MNFurniture used the umberto candace 100 bibles that they sold to customers for $50 each. Instructions: Enter your responses as whole numbers. a. Complete the table below to calculate the value added by each firm Company Revenues Cost of purchased inputs Value added MNLogs MNLumber MNFurniture b. Suppose that all of these transactions took place in 2014. By how much did GDP increase because of these transactions? c. Suppose that MNLogs harvested the logs in October 2014 and sold them to MNLumber in December 2014. MNLumber Jen sold the finished lumber to MNFurniture In April 2015 and MNFurniture sold all 100 tables during the rest of 2015. By how much did GOP increase in 2014 and 20 5 because of these transactions? GDP increase in 2014: S GDP increase in 2015; 5 References Worksheet Difficulty: 03 Hard

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