Complete the following table. Circle the value of GDP in th…
Complete the following table. Circle the value of GDP in the column “value of sales”. Answer 1-2 using this table. Firm Value of Sales Value added A Sheep Ranch 240 B Suit Manufacture 440 C Retail Outlet 700 Total 1380 What is the dollar value of GDP (using the data in the value of sales column)? _________________ What is the dollar value of GDP using the value added method (show your calculation here or on scratch paper).
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