Multiple Choice
A guitar is produced in California using $100 in raw materials and sells for $300 in a guitar shop. Each guitar that is produced contributes _____ to U.S. GDP.
A) $100
B) $200
C) $300
D) $400
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q15: Business cycles are alternating increases and decreases
Q32: If a business increases its inventories, the
Q125: The national income and product accounts allow
Q158: GDP can be found either by adding
Q161: (Table) Look at the table of
Q242: The rental income component in the income
Q250: The four types of spending in GDP
Q282: The expenditures approach to calculating GDP sums
Q289: The main purpose of the national income
Q291: A criticism of GDP per capita is