trader Joe's sold $1000 worth of flour to Fluffy Bread bakery, which used the flour to make cakes. Fluffy Bread sold $2500 worth of cake to customers, but there was $500 worth of cake left (unsold). The transactions just described contribute how much to GDP?
| a. |
$3000 |
|
| b. |
$4,000 |
|
| c. |
$3,500 |
|
| d. |
$2,500 |
ANSWER:
The correct answer is option d that is $2,500 as in GDP , the amount that will be added to the economy is the worth of cake sold to customers by the fluffy bread company that is $2,500.
trader Joe's sold $1000 worth of flour to Fluffy Bread bakery, which used the flour to...
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