Discuss the concept of GDP, and calculate the GDP from the following information. you should calculate the GDP by the three methods (production, income, and expenditure)
tea farm
|
|
Salary and wages
|
30,000
|
Tax
|
2,000
|
Revenue from selling tea
|
100,000
|
Selling tea for public
|
30,000
|
Selling tea for Ice tea Co.
|
20,000
|
Selling tea for lemon tea Co.
|
50,000
|
Ice tea Co.
|
|
Salary and wages
|
50,000
|
tax
|
4,000
|
Tea from tea farm
|
20,000
|
Revenue from selling Ice tea
|
200,000
|
Selling Ice tea for public
|
150,000
|
Selling Ice tea for lemon tea Co.
|
50,000
|
Lemon tea Co.
|
|
Salary and wages
|
70,000
|
tax
|
8,000
|
Tea from tea farm
|
50,000
|
Ice tea from Ice tea Co.
|
50,000
|
Revenue from selling lemon tea
|
400,000
|
Selling lemon tea for public
|
200,000
|
Selling lemon tea for Effat
|
200,000
|
Effat
|
|
tax
|
3,000
|
Lemon tea from lemon tea Co
|
200,000
|
Revenue from selling
|
700,000
|