Katrina pays $40 for a meal at a fancy restaurant.The meal's ingredients probably cost the restaurant $10.What is the value added to GDP by the purchase of this meal?

Name: Katrina pays $40 for a meal at a fancy restaurant.The meal's ingredients probably cost the restaurant $10.What is the value added to GDP by the purchase of this meal?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The value added to GDP is the difference between the price of the meal and the cost of the ingredients. In this case, the value added is $40 - $10 = $30.

Katrina Pays $40 for a Meal at a Fancy Restaurant