Explain the income method of calculating national income. Assume that

1.	Explain the income method of calculating national income. Assume that a farmer sellswheat to miller for Rs. 15. The miller turns wheat into flour, which she sells to a bakerfor Rs. 35. The baker turns the flour into bread and sells to consumer for Rs. 60. Calculatethe GDP in this case? Which method do you use to calculate GDP in this case? Whatprecautions should be taken in that method?
Answer» ANSWER: hdhhdhdjshchshjxhbxnnnskskhsyxgdgwhajkbxudjkmdbxbndnxndncbjejdjdhdu9 JJ

Explain the income method of calculating national income. Assume that a farmer sellswheat to miller for Rs. 15. The miller turns wheat into flour, which she sells to a bakerfor Rs. 35. The baker turns the flour into bread and sells to consumer for Rs. 60. Calculatethe GDP in this case? Which method do you use to calculate GDP in this case? Whatprecautions should be taken in that method?

Answer»

hdhhdhdjshchshjxhbxnnnskskhsyxgdgwhajkbxudjkmdbxbndnxndncbjejdjdhdu9 JJ