The following data we extracted from industries x and y in a country. Industry x...

The following data we extracted from industries x and y in a country. Industry x operates as closed economy, while industry why operates and open economy. Use the data in the table to answer the question that follows
ITEMS INDUSTRY X INDUSTRY Y
Sales 100,000,000 200,000,000
Raw material 30,000,000 50,000,000
Profits 2,000,000. 70,000,000
Wages 40,000,000. 80,000,000
Exports — 10,000,000
Depreciation 8,000,000 20,000,000
Imports — 3,000,000
(a) calculate the gross national product of the country using
I) income approach
II) output approach
(b) calculate the amount of depreciation charged in the economy.
(c) calculate the next national product of country.?

In Economics
1 Answers Available
Asked by Rõ Dy on 21st November, 2023