Question
A company purchases raw materials for an amount of 1,000,000 and pays 500,000 in salaries and 100,000 for interest on loans. The produced output is
A company purchases raw materials for an amount of €1,000,000 and pays €500,000 in salaries and €100,000 for interest on loans. The produced output is sold for €2,000,000. How much does the company contribute to GDP? Explain briefly.
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Raw material1000000 Wages salaries 500000 Interest 1...
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
