A case of wine costs $10 to produce and sells for $40.A bottle of prescription pills costs $5 to produce and sells for $10.On the basis of this information,we can conclude that the
A) pills contribute more to GDP, but it is impossible to say how much more.
B) pills contribute twice as much as the wine to GDP.
C) wine contributes twice as much as the pills to GDP.
D) wine contributes four times as much as the pills to GDP.
E) wine contributes six times as much as the pills to GDP.
Correct Answer:
Verified
Q10: When measuring GDP,we double count if we
Q11: Double counting takes place if GDP includes
A)
Q12: Productive activities typically excluded from GDP include
A)
Q13: To correct for changes in the price
Q14: Which of the following is excluded from
Q16: Gross domestic product is a measure of
Q17: U.S.gross domestic product measured in current dollars
Q18: Gross domestic product is
A) a measure of
Q19: Transfer payments are payments
A) by individuals of
Q20: In an economy as complex as ours,the
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