If Bountiful Orchard grows $100,000 worth of peaches, sells $50,000 worth of peaches to consumers and uses the rest to make jam that is sold to consumers for $100,000, Bountiful Orchard's contribution to GDP is:
A) $50,000.
B) $100,000.
C) $150,000.
D) $200,000.
Correct Answer:
Verified
Q17: GDP is a measure of an economy's:
A)domestic
Q18: Educational services provided by public schools are:
A)included
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Q20: The additional goods and services produced by
Q21: Long-lived goods used for producing other goods
Q23: Intermediate goods and services are _ production
Q24: If the Citrus Growers Association grows $1
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Q27: A firm's revenue from selling its product
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