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
Q5: Tom Atoe grows fruits and vegetables for
Q6: By summing the dollar value of all
Q7: Final goods and services refers to
A) goods
Q8: Which of the following is an intermediate
Q9: Suppose the total monetary value of all
Q11: The agency responsible for compiling the National
Q12: Alejandro Scoobertini owns a store specializing in
Q13: The value added of a firm is
Q14: GDP is the
A) national income minus all
Q15: A nation's gross domestic product (GDP)
A)
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