Question: Intelligence Incorporated produces 1 0 0 computer chips and sells them for $ 5 0 0 each to Bell Computers. Using the chips and other

Intelligence Incorporated produces 100 computer chips and sells them for $500 each to Bell Computers. Using the chips and other labor and materials, Bell produces 100 personal computers. Bell sells the computers, bundled with software that Bell licenses from Macrosoft at $50 per computer, to PC Charlies for $800 each. PC Charlies sells the computers to the public for $1,000 each. Calculate the total contribution to GDP using the value-added method.
Instructions: Enter your responses as whole numbers.
CompanyRevenuesCost of purchased inputsValue addedIntelligence Incorporated$ $ $ Macrosoft$ $ $ Bell$ $ $ PC Charlies$ $ $
GDP by the value-added method is: $ .
Calculate GDP by summing the market values of final goods: $ .

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!