According to your answer to 2002 Economics past questions related to a closed economy of...

According to your answer to 2002 Economics past questions related to a closed economy of a country.....

Q1 Is that only raw materials can be category as intermediate input or...?
Q2:But I thought sales is the total production of those that are living in The country in a particular year and the cost of RM + dep + labour cost are all cost incurred during the prdtn process now how is it possible to deduct all these cost from sales and still give us GDP?

In Osun State University
1 Answers Available
Asked by Master paiko on 11th July, 2020