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Q1) If for an economy we are given with K=1000, K/Y=0.4, Employment=200, wage rate=1. The rate of profit is
a)5%
b) 10%
C) 20%
d) there is not much info
Q2) Suppose tata steel sells 1,50,000 worth of steel to maruti suzuki company & other producers sell RS 1,00,000 worth of other inputs to maruti suzuki. maruti suzuki then uses the steel & other inputs to make a car which it sells to a dealer, competent automobiles at rs 3,00,000. then the dealer sells the car to a customer for rs 3,50,000. what is the total contribution to gdp made by the entire series of transactions? 11:21 AM
the answer to this quest will it be 3,50,000 only
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