Question
Zak's Transport Co. owns a fleet of taxis. They are all new at the beginning of the year, worth a total of $1,000. A taxi
Zak's Transport Co. owns a fleet of taxis. They are all new at the beginning of the year,
worth a total of $1,000. A taxi depreciates completely in 5 years. During the course of the
year the company pays its workers $200 in wages, has no other costs, and collects $500 in
fares. How much is GDP in this economy?
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
