Consider an economy where the total sales receipts from wheat, flour, bread and sandwiches are 23, 53, 110 and 190 respectively. If the economy produces only those four products, prove that the total value added in the economy is equal both to the final sales proceeds and the total factor earnings.
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Answer:
we have
let add the all price on which they sell
=23+53+110+190
=76+210
= 286 ans
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