If the economy of a country can be summarized to the following events on a given year. Price per unit Quantities/units 1,000,000 25 Meals taken from restaurants Food purchased by restaurants 2,000,000 8 Social security and pension payments by government 500,000 100 White goods and electronic products 100,000 250 New cars produced locally 9,000 20,000 Second hand cars 15,000 8,000 2,000 250,000 Purchase of new flats in country's main city Selling of iron ore to China 20,000 100 Purchase of rice from Vietnam 8,000 70 Students enrolmen,ts at university 2,000 10,000 Governement building hospital 1 150,000,000 25 Purchase of clothes 1,000,000 Required: Calculate the GDP in specific year based on the information given in the table. Show your working.

If the economy of a country can be summarized to the following events on a given year. Price per unit Quantities/units 1,000,000 25 Meals taken from restaurants Food purchased by restaurants 2,000,000 8 Social security and pension payments by government 500,000 100 White goods and electronic products 100,000 250 New cars produced locally 9,000 20,000 Second hand cars 15,000 8,000 2,000 250,000 Purchase of new flats in country's main city Selling of iron ore to China 20,000 100 Purchase of rice from Vietnam 8,000 70 Students enrolmen,ts at university 2,000 10,000 Governement building hospital 1 150,000,000 25 Purchase of clothes 1,000,000 Required: Calculate the GDP in specific year based on the information given in the table. Show your working.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Good afternoon please help me with how to calculate the the following attatched . Thank you in advance
pls both it is connected.
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