A farmer in China produced some cotton, which he sold to a garment factory for ¥3,000. The factory processed the clothes with cotton and sold them to the market for ¥4,000 , and the market finally sold them for ¥5,000. How much was contributed to China‘s GDP？

Jhon is an Australian farmer producing rice. He has sold his harvest of rice in last year to Jack for $5. Jack lives in Australia for last 10 years, but he is not an Australian citizen. During the current year, Jack makes flour from this rice and sells to Jill for $12. What is the contribution to the GDP of Australia from this process in the current year? Assume the economic value added method.

A logging company fells a tree and sells it to a paper mill for $100. The paper mill processes the tree into paper and sells it to a book publisher for $300. The book publisher uses the paper to print a novel, which is then sold to a bookstore for $600. The bookstore sells the novel to a customer for $1200. What is the value added at each stage of production, and what is the total value added (which should equal GDP)?

Suppose the nation's Expenditure on Consumption (C) amounts to $35000, Expenditure on Investment (I) stands at $15000, Government Expenditure (G) equals $2800, Export Revenues (X) total $3000, and Import Costs (M) tally to $2500. Calculate the nation's GDP.A.$52000B.$52300C.$53300D.$52800

Consider the following figures: the GDP of an economy is $300 billion, household consumption is $85 billion, government spending is $140 billion, investments are $50 billion and total imports are $100 billion. What will be the value of total exports?$125 billion$75 billion$25 billion$50 billion

If a country produces the following goods and services in one year: 1,000 computers, each sold for $800; 500 cars, sold for $20,000 each; and $200,000 worth of medical services provided. Based on this information, what was the approximate GDP of this country that year?