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Class Review ex chp 20.docx

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Department
Economics
Course
ECON 102
Professor
Wokia Kumase
Semester
Spring

Description
Review Ex Chapter 201A flour mill produces 1000 worth of flour of which 700 goes to a bakery and 300 to consumers A water supplier produces 300 worth of water of which 200 goes to the bakery and 100 to consumers The bakery produces 1500 worth of bread and sells all of it to consumers The three companies pay wages as follows the mill pays 400 the water supplier 200 and the bakery 200 There are no other costs of productionCalculate GDP based on the value of productionaCalculate profits to the owners of each of the three companies bCalculate GDP based on incomec2The country o
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