Exhibit 18-2

-Exhibit 18-2 shows the cost of the components used to produce a $550 smartphone. The total value of output that would be recorded in GDP is
A) $200.
B) $360.
C) $400.
D) $450.
E) $550.
Correct Answer:
Verified
Q15: Which of the following is most likely
Q16: In dollar terms, U.S. GDP in 2015
Q17: Jessy builds a desk that is valued
Q18: Exhibit 18-1 Q19: What is the role of weights in Q21: In 2015, consumption was roughly _ of Q22: Intermediate goods are part of final goods. Q23: Expenditure on _ is spending that is Q24: You buy a new bed that was Q25: The largest component of GDP is
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A)government purchases.
B)investment.
C)exports.
D)consumption.
E)government
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