Calculate the value added by orange growers orange juice


Orange growers sell $17 million of their crop to orange juice processors and $4 million of their crop to supermarkets. The orange juice processors sell their orange juice to supermarkets for $19 million. The supermarkets sell oranges to consumers for $12 million, orange juice to consumers for $16 million, and orange juice to restaurants for $5 million. The restaurants sell orange juice to consumers for $12 million.

a. Calculate the amounts oranges and orange juice contributes to GDP.

b. Calculate the value added by orange growers, orange juice processors, supermarkets, and restaurants.

Solution Preview :

Prepared by a verified Expert
Managerial Economics: Calculate the value added by orange growers orange juice
Reference No:- TGS01293448

Now Priced at $12 (50% Discount)

Recommended (96%)

Rated (4.8/5)