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Q1 Consider the following economic activities Good Revenue Grapes produced in the vineyard 3500 New wine produced, stored in barrels 6000 Wine bottles distributed by
Q1 Consider the following economic activities Good Revenue Grapes produced in the vineyard 3500 New wine produced, stored in barrels 6000 Wine bottles distributed by the wholesaler 9800 Wine bottles sold to consumer 11000 1. What is the value added at each stage of production? 2. Using the value-added approach, what is the total contribution of this process to GDP? 3. Using the production-of-final-goods approach, what is the total contribution of this process to GDP
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