Question

Suppose we have the following information about a car manufacturer: car sales $ 1000 M, steal purchases $ 600 M, wages $ 300 M, interest on business loans $ 50 M, and profits $ 50 M. What is its contribution to GDP using the product approach?

a) $ 1000 M
b) $ 600 M
c) $ 400 M
d) $ 350 M

Answer 1

b) $600 hope this helps :)