Macroeconomics 9.18

Macroeconomics 9.18 - Value added = Sales cost of...

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Assume Value of final output= Final Sales C + I + G + X – M = RT + WS + IN + PR Value added: -Final goods -Intermediate goods Production of Bread Producer Product Sale Cost of intermediate good Value added I) Farmer Wheat 40 0 40 II) Miller Flour 60 40 20 III) Baker Bread 72 60 12 172 100 72
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Unformatted text preview: Value added = Sales cost of intermediate goods Producer Product Sale Cost of Intermediate Good Value added I) American Ore Ore 4200 4200 II) American Steel Steel 9000 4200 4800 III) GM Car 21500 9000 12500 Varies 13200 21500...
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This note was uploaded on 04/15/2008 for the course ECON Macro taught by Professor Macinni during the Fall '07 term at Johns Hopkins.

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