Total contribution to gdp


A Paper Company produces 1 million euros worth of paper and sells it to a book publisher, which prints 100,000 copies of an economics textbook for which it paid an economics professor 500,000 euros to write. The publisher sold the textbooks to university bookstores nationwide for 3 million euros. The university bookstores received 4 million euros from students in exchange for the books.

What is the total contribution to GDP from the above events?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Total contribution to gdp
Reference No:- TGS064154

Expected delivery within 24 Hours