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Bread Produce cheese Plaza Company company Company Company Inpubs $ 100 ( cheese ) $ 200 (bread) 150 (produce ) Wages $ 70 $ 150
Bread Produce cheese Plaza Company company Company Company Inpubs $ 100 ( cheese ) $ 200 (bread) 150 (produce ) Wages $ 70 $ 150 $ 400 $ 1200 output # 800 $850 $ 1200 $ 5000 Please show all your work for full credit! a) Given the cost of inputs, wages and the value of output in the table above for the four companies in this economy, calculate GDP as the value added in production. b) Calculate GDP as spending on final goods and services, c) Calculate GDP as factor income
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