Table 8-9

-Refer to Table 8-9.Suppose that the above table represents the goods and services produced in a very simple economy in 2016.Assume that steel is used as an input in the production of autos.Using that information,calculate GDP for the year 2016.

Question

Table 8-9
 
-Refer to Table 8-9.Suppose that the above table represents the goods and services produced in a very simple economy in 2016.Assume that steel is used as an input in the production of autos.Using that information,calculate GDP for the year 2016.

Quizplus · Accepted Answer

The Answer of Table 8-9
 
-Refer to Table 8-9.Suppose that the above table represents the goods and services produced in a very simple economy in 2016.Assume that steel is used as an input in the production of autos.Using that information,calculate GDP for the year 2016.

Table 8-9 -Refer to Table 8-9.Suppose That the Above Table Represents the Above