00:01
We're going to be looking at an aspect of the cross -domestic product in terms of the activities of particular farmer, who is an able farmer.
00:12
So in terms of the production of those apes, we want to find out which aspect actually relates to or contribute to gdp.
00:24
Okay, so we're going to be basically looking at the scenario that is given each of the, activities.
00:32
So the first one, the farmer sells 25 ,000 worth of ables to individuals will actually take them home to it.
00:41
So the sell is to the consumer and is for $25 ,000, these are $25 ,000 worth of ables to the consumer.
00:56
And the second aspect is to a company that chooses them all to produce ciders and it's 50 ,000 worth of them.
01:07
So this is a producer who's been sold this apples worth $50 ,000.
01:15
And the other bunch is sold to a grocery store that will sell them to households.
01:23
So a grocery store who's going to eventually sell them your households has a board $75 ,000 worth of apples.
01:34
So the question basically is how much of the farmer's sales will be included as apples in the gdp? how much of the farmer's apples or the farmer's sales will be included as apples in gdp? all right.
01:54
So basically we understand that the origin of all.
01:58
All these apples that have been consumed by the consumer, that have been bought by the manufacturer of ciders, that have been bought by the store, simply just channels that the apples by the farmer have come through.
02:22
So gdp, by definition, would refer to the value of all final goods and services.
02:28
Produced within the borders of a country in a particular period...