You purchase a bag of chocolate chips for $3, a bag of flour for $3, a bag of sugar for $2.00, a half dozen eggs for $1.50, and a half pound of butter for $2.50. You use all these ingredients to make three dozen cookies. Your roommate offers you $15 for the freshly-baked cookies, and you happily accept. How much does this process contribute to GDP?
A) $12
B) $15
C) $22
D) $8
Correct Answer:
Verified
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
Q13: Which of the following is not a
Q14: Which of the following is not an
Q15: Gross domestic product is the sum of:
A)
Q16: The system we use to measure the
Q17: Intermediate goods and services are:
A) used only
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