Arthur sells $100 worth of cotton to Bob.Bob turns the cotton into cloth, which he sells to Camille for $300.Camille uses the cloth to make prom dresses that she sells to Donita for $700.Donita sells the dresses for $1,200 to kids attending the prom.The total contribution to GDP of this series of transactions is
A) $1,200.
B) $500.
C) $2,300.
D) $1,100.
Correct Answer:
Verified
Q2: The agency responsible for compiling the National
Q3: By summing the dollar value of all
Q4: Suppose the total monetary value of all
Q4: Which of the following transactions would be
Q6: The concept of net domestic investment refers
Q7: The value added of a firm is
Q8: Which of the following is an intermediate
Q9: Value added refers to
A)any increase in GDP
Q10: GDP is the
A)national income minus all nonincome
Q11: Value added can be determined by
A)summing the
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