Question

Question: In 2015, Tat Gida sold 100 cans of tomato sauce to a wholesale company located in Istanbul for 10 TL cach. Then Migros and Istanbul Grocery purchased 80 and 20 cans from that wholesale company for 11 TL each; respectively. To consumers, Migros sold 60 cans for 12 TL each; Istanbul Grocery sold 10 cans for 13 TL each.

By how much did GDP increase in 2015 because of these transactions?

Answer 1

There are total 100 cans of tomato sauce.

Out of these, 70 cans are sold to the final consumers whereas 30 are unsold.

Out of 70 cans sold to final consumers, 60 cans are sold for 12TL eacn and 10 cans are sold for 13TL each.

Unsold stock is valued at cost price.

The unsold cans are purchased for 11TL.

Calculate increase in GDP -

Increase in GDP = [60 * 12TL] + [10 * 13TL] + [30 * 11TL]

Increase in GDP = 720TL + 130TL + 330TL

Increase in GDP = 1,180TL

Thus,

Due to these transactions, GDP in 2015 is increased by 1,180TL