They used 3 million of the salmon as fertilizer for corn


In the small country of Eurasia people do salmon fishing, they produce canoes and also grow corn. In 2003 they produced 5000 canoes using labour and natural materials only, but sold only 4000, as the economy entered a recession. The cost of producing each canoe was $1000, but the ones that sold were priced at $1250. They fished $30 million worth of salmon. They used $3 million of the salmon as fertilizer for corn. They grew and ate $55 million of corn. What was Eurasia's GDP in 2003? Explain your methodology

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Macroeconomics: They used 3 million of the salmon as fertilizer for corn
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