A Chinese restaurant buys 1 pound of rice for $1; soy, fish and oyster sauces for $1 each; and assorted vegetables for $20. They create 10 meals with these ingredients and sell each meal for $5. How much does this process contribute to GDP?
A) $23
B) $50
C) $73
D) $27
Correct Answer:
Verified
Q1: Which of the following is a final
Q2: Which of the following is an intermediate
Q3: The field of macroeconomics studies _ and
Q5: Which of the following is an intermediate
Q6: GDP counts:
A) only final goods and services.
B)
Q7: The market values of goods and services
Q8: Which of the following is a final
Q9: Why doesn't GDP include intermediate goods?
A) Intermediate
Q10: The most commonly used metric for measuring
Q11: Which of the following topics would most
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