For each of the following situations, determine the value added for Canadian national income. a. A Canadian
Question:
For each of the following situations, determine the value added for Canadian national income.
a. A Canadian farmer pays \($100\) for seeds to grow organic beets, which she sells to a produce distributor for \($1000.
The\) distributor sells the beets to a restaurant for \($1300,\) who then sells \($2500\) worth of beet salads.
b. A mining firm uses \($1\) million worth of purchased inputs to extract bauxite, which it sells to an aluminum company for \($2\) million. The aluminum company sells \($2.8\) million worth of aluminum to a door manufacturer who sells \($4\) million worth of finished doors to a big-box retailer who sells them to the public for \($6\) million.
c. A Canadian retailer imports \($400\) 000 worth of toys from China and sells them for \($1\) million.
Step by Step Answer: