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WASSCE
The following data relate to a closed economy of a country where all production takes place in two firms.
Use the information in the table to answer the questions that follows.
Calculate the Gross Domestic Product (GDP) of the country.
Use the information in the table to answer the questions that follows.
| Items | Firm A (in 000 Dollars) | Firm B (in 000 Dollars) |
| Sales | 200 | 400 |
| Raw materials | 100 | 60 |
| Labour Costs | 80 | 160 |
| Depreciation | 16 | 40 |
| Profits | 4 | 140 |
Calculate the Gross Domestic Product (GDP) of the country.
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