Question: this question based on the given information for an economy in year 1. i. Dollar value of resource extraction activity = $20 billion ii. Dollar
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 value of distribution activity = $80 billion iv. Dollar value of final output = $110 billion Suppose the next year, the dollar value of distribution activity fell to $70 billion, but the other values remained the same. Based on this, we could conclude that from year 1 to year 2, GO and GDP both fell by $10 billion. GO fell by $10 billion, while GDP was unchanged. GDP fell by $10 billion, while GO was unchanged. neither GO nor GDP were affected by the change in distribution activity
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