Multiple Choice
In 2014,a farmer grows and sells $3 million worth of corn to Big Flakes Cereal Company.Big Flakes Cereal Company produces $8 million worth of cereal in 2014,with sales to households during the year of $7 million.The unsold $1 million worth of cereal remains in Big Flake Cereal Company's inventory at the end of 2014.The transactions just described contribute how much to GDP for 2014?
A) $3 million
B) $7 million
C) $8 million
D) $11 million
Correct Answer:
Verified
Correct Answer:
Verified
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