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April 18, 2014

Homework Help: GDP

Posted by Talisha on Wednesday, August 8, 2012 at 11:03am.

I was trying to calculate the GDP using the income method, but I don't know what to do with the inputs purchased etc.

Here are the data:

Agriculture:
Total sales --- $50
Capital goods Purchased --- $40
Manufacturing inputs --- $30
Wages --- $20
Operating Surplus --- $10

Manufacturing:
Sales of Capital goods --- $55
Sales of other manufactures --- $155
Capital goods purchases --- $35
Agricultural inputs purchased --- $45
Wages --- $65
Operating surplus --- $25

Could someone please help me out by calculating the GDP using any method? I have tried using the income method and the production method but the answer wouldn't match.

Thank you.

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