Question
The following table shows the results of the operations of a laptop producer in 2020. Price per Unit of the Product$800.00 Quantities Sold10,000.00 Cost of
The following table shows the results of the operations of a laptop producer in 2020.
Price per Unit of the Product$800.00
Quantities Sold10,000.00
Cost of Materials and Components Purchased$3,600,000.00
Wages Paid to Workers$450,000.00
Interest Paid to the Bank$45,000.00
Rent Paid to the Property Owner$40,000.00
This firm's value added in 2020 wasdollars. In other words, it contributed this much to the U.S. GDP in 2020. How much factor income was generated in 2020 as a result of this firm's economic activities?
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Econometrics By Example
Authors: Damodar Gujarati
2nd Edition
1137375019, 9781137375018
