Question

(BONUS QUESTION) Question 41: A farmer produces 300 eggs, which she sells to a retailer for $150. The retailer puts the eggs in nice looking packages. She sells half of the eggs to a baker for $100 to bake a pie and she sells the other half of the eggs to her customers for $100 and the costumers eat the eggs. Also, the baker turns the eggs into a pie, which she sells to consumers for $200. Consumers eat the pie. GDP in this economy is equal to: a. $600 b. $500 c. $300 d. $200 e. $450 f. $400

Answer 1

Gross domestic product (GDP) is a measure value of all final economic goods and services, produced within the domestic territory of a country during a given period of time : GDP in this econ economy ZEGGS sold to kaker + EGGS sold to customer sold $100+ $100 + ($200 - $100) $300 :. correct option is (c) $300, and remaining options incorrect * $100 is deducted from the amount of five sold because it has already been included in the form of eggs. And GDP is the final value of goods & services produced. are .

Gross domestic product (GDP) is a measure value of all final economic goods and services, produced within the domestic territory of a country during a given period of time : GDP in this econ economy ZEGGS sold to kaker + EGGS sold to customer sold $100+ $100 + ($200 - $100) $300 :. correct option is (c) $300, and remaining options incorrect * $100 is deducted from the amount of five sold because it has already been included in the form of eggs. And GDP is the final value of goods & services produced. are .