assuming an economy with no government and no, Macroeconomics

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assuming an economy with no government and no

Assuming an economy with no government and no foreign trade. Measure GDP for the following output scenario:

There are three firms: firm A is a minning company, firm B is a steel producer and firm C is a car manufacturer.

In a specific year firm a sells Rs. 100 million worth of iron ore to firm B, firm B sells Rs. 200 million worth of steel to firm C and firm C sells Rs. 500 million worth of cars to general public.

If there are no alters in inventories, no taxes and no other producers in the economy, what is GDP?

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Macroeconomics: assuming an economy with no government and no

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Macroeconomics: assuming an economy with no government and no

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