Hussain4597 Hussain4597

18-01-2021
Business

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Suppose GDP is $5.0 trillion, depreciation is $1 trillion, and gross output (GO) is $17.25 trillion. b. What is the dollar value of the economic activity taking place at every stage of production and distribution?

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topeadeniran2 topeadeniran2

20-01-2021

Answer: $17.25 trillion

Explanation:

The dollar value of the economic activity taking place at every stage of production and distribution will simply be the gross value and thus has been given in the question as $17.25 trillion.

It is the value of production activities for a particular economy at every production stage.

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