Jimmy Earl, a farmer, sells $20 worth of peanuts to a factory that turns them into peanut butter, which is then sold for $45.In terms of computing GDP, what is the total value added?
A) $20
B) $25
C) $45
D) $65
Correct Answer:
Verified
Q54: What is the largest component of aggregate
Q55: Which of the following describes the final
Q56: Q57: Ann's Adventures, Inc.organizes and leads backpacking trips Q58: What is the definition of aggregate income? Q60: Which of the following is NOT a Q61: Which of the following is a leakage Q62: Suppose that the economy is in equilibrium, Q63: Suppose that the economy is in equilibrium, Q64: Suppose that the economy is in equilibrium,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents