Table 8-1
-According to the data in Table 8-1, the value of GDP is
A)800
B)805
C)955
D)1,055

Name: Table 8-1 -According to the data in Table 8-1, the value of GDP is A)800 B)805 C)955 D)1,055
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Question

Table 8-1 
-According to the data in Table 8-1, the value of GDP is
A)800 
B)805 
C)955 
D)1,055

Quizplus · Accepted Answer

The value of GDP is calculated by adding up the gross value added of all industries in the economy. Looking at Table 8-1, the gross value added for agriculture is 100, for manufacturing is 450, and for services is 405. Therefore, the total GDP is 100 + 450 + 405 = 955.

Table 8-1 -According to the Data in Table 8-1, the Value of the Value