Calculate Net Domestic Product from the following data.
Understand the Problem
The question is about calculating financial figures such as profits and income based on provided data, focusing on net domestic product and other economic indicators.
Answer
The total Sales calculated is \( 1450 \).
Answer for screen readers
The total Sales calculated is ( 1450 ).
Steps to Solve
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Identify the Data Needed for Sales Calculation
To calculate 'Sales,' we will refer to the provided data, including profit, subsidies, and different income figures. -
Determine Profit and Other Factors
From the data, we identify that Profit is stated as ( 750 ) and that there are additional factors like indirect tax (included) and consumption of fixed capital. -
Calculate Sales Using Relevant Formula
The formula to calculate Sales (S) based on Profit (P), Consumption of Fixed Capital (C), and Indirect Tax (T) is given by: $$ S = P + C + T $$
Here, we assume that we have indirect tax as an amount, which first needs to be identified or set as a variable if not provided. -
Using Given Numbers
Plugging in the values:
- Profit ( P = 750 )
- Consumption of Fixed Capital ( C = 700 )
- Assume ( T = 0 ) if no taxes are provided.
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Compute Total Sales
Thus, $$ S = 750 + 700 + 0 = 1450 $$
The total Sales calculated is ( 1450 ).
More Information
In economics, understanding how to compute sales using various components like profit and taxes is crucial for analyzing a company's financial performance. This kind of calculation often reflects the basic principles of income generation and cost management in a business.
Tips
- Ignoring Indirect Taxes: Make sure to identify if indirect tax is included in profit or needs to be added separately.
- Misinterpreting Profit Figures: Some may confuse profit as the total sales instead of recognizing it as a component of the calculation.
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