Image an economy with two sectors: A Farming sector and a restaurant sector. A farming sectors pay its worker $20 to collect the crop of potatoes. It also pays $5 of taxes to the government. The farms sell potatoes to the household for $25 and sell the rest of the crops to a restaurant sector for $30. Restaurant sector's total wage bill is $10 and amount of taxes it pays to the government is $10. The total revenue of the restaurant sector is $80. Compute the GDP, using the income, expenditure, and value added approaches.
So From the valued added approach i got that GDP was $105. ( 25+30+50). But i have trouble finding the same GDP using the income and expenditure approaches. Can someone tell me what i am doing wrong. Please and Thank You