i) Value Added Method (Production)
To calculate GDP, only final goods and services are taken in order to exclude a double in the calculations and overstatement of GDP. Intermediate goods, which are the raw materials for the production of the final product, are not taken into account.
ii)
1)
"220+20-40=200"2)
"200-90=110"3)
"200-70+30=160"4)
"220-90=130"
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