Question
Consider a nation that produce only two product base; Corn crops and Corn flour mill. HAS Maize mills owns and operate Corn field. It sales
Consider a nation that produce only two product base; Corn crops and Corn flour mill. HAS Maize mills owns and operate Corn field. It sales some of its corn directly to the public and rest of them sales to National foods company. Which refines corn, produce and sells Corn flour. Prime enterprise owns and operate sunflower seed crops. It sales some of its sunflower directly to the public for birds and pet food and rest of them sales to Mercury group of company. Which produces and sells Sunflower oil.
HAS Maize mill's Transaction
Wages paid to HAS Maize mill's employees 10000
Taxes paid to government 5000
Revenue received from sale of corn 35000
Corn sold to public 10000
Corn sold to National Foods 25000
National Foods Transaction
Wages paid to National Foods employees 5000
Taxes paid to government 2000
Corn purchased from HAS Maize Mills 25000
Revenue received from sale of corn Flour 40000
Find out the GDP by using
i. Value Added Approach
ii. Income Approach ( both before and after tax case)
iii. Expenditure Approach
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