Find value of output if:- Net value added at FC = $200 million Intermediate consumption = $150 million Depreciation = $20 million Tax = $40  Subsidy = $20 million

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
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Find value of output if:-

Net value added at FC = $200 million

Intermediate consumption = $150 million

Depreciation = $20 million

Tax = $40 

Subsidy = $20 million

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