Discuss the concept of gdp and calculate the gdp from the


Discuss the concept of GDP, and calculate the GDP from the following information. you should calculate the GDP by the three methods (production, income, and expenditure)

tea farm

 

Salary and wages

30,000

Tax

2,000

Revenue from selling tea 

100,000

Selling tea for public

30,000

Selling tea for Ice tea Co.

20,000

Selling tea for lemon tea Co.

50,000

Ice tea Co.

 

Salary and wages

50,000

tax

4,000

Tea from tea farm

20,000

Revenue from selling Ice tea

200,000

Selling Ice tea for public

150,000

Selling Ice tea  for lemon tea Co.

50,000

Lemon tea Co.

 

Salary and wages

70,000

tax

8,000

Tea from tea farm

50,000

Ice tea from Ice tea Co.

50,000

Revenue from selling lemon tea

400,000

Selling lemon tea for public

200,000

Selling lemon tea for Effat

200,000

Effat

 

tax

3,000

Lemon tea from lemon tea Co

200,000

Revenue from selling

700,000

 

 

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Macroeconomics: Discuss the concept of gdp and calculate the gdp from the
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