Consider the following: Farmer Jones bought seed and fertilizer for $100.
He grew wheat that he sold to the Acme Bread Company for $200.
Acme Bread produced and sold bread to the ABC Grocery Store for $250.
Consumers bought the bread from the grocery for $350.
How much was added to the GDP?
A) $700
B) $800
C) $350
D) $600

Question

Quizplus · Accepted Answer

GDP is calculated based on the final goods and services sold to consumers, which in this case is the $350 spent by consumers on bread.

Consider the Following: Farmer Jones Bought Seed and Fertilizer for $100