A farmer sells raw milk for 50 cents to a dairy,who sells cheese made from it for $1.50 to a grocery wholesaler,who sells it for $1.90 to a supermarket,who sells it to the final consumer for $2.19.These transactions increase the GDP by
A) $0.50 + $1.00 + $0.40 + $0.29 = $2.19.
B) $0.50 + $1.00 + $1.90 + $2.19 = $5.59.
C) $0.50 + $1.00 = $1.50.
D) $2.19 - $1.50 = $0.69.
E) $2.19 - $0.50 = $1.69.
Correct Answer:
Verified
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