Suppose a new sandwich restaurant is opening on your street. On the opening day, you order...
Suppose a new sandwich restaurant is opening on your street. On the opening day, you order a sandwich for $15. While you are eating it, you realize that the sandwich is not very good. On the next day, you decide to make the $15 sandwich by yourself. You get all ingredients from the local supermarket for $5. How much does GDP increase by over both days together?
Homework Answers
GDP added during day 1 = 15 which is the value of the sandwich
GDP added during day 2 = 5 which is the value of the ingredients
Total GDP increase = 15+5 = 20
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Suppose a new sandwich restaurant is opening on your street. On
the opening day, you order...
Suppose a new sandwich restaurant is opening on your street. On the opening day, you order...
Suppose a new sandwich restaurant is opening on your street. On the opening day, you order a sandwich for $15. While you are eating it, you realize that the sandwich is not very good. On the next day, you decide to make the $15 sandwich by yourself. You get all ingredients from the local supermarket for $5. How much does GDP increase by over both days together? a. $5 b. $15 c. $20 d. $30
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