Multiple Choice
Jimmy Earl, a farmer, sells $20 worth of peanuts to a factory that turns them into peanut butter, which is then sold for $45.In terms of computing GDP, what is the total value added?
A) $20
B) $25
C) $45
D) $65
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q98: What does depreciation refer to? <br>A) a decrease
Q99: How does activity in the underground economy
Q100: In the circular-flow model, what does the
Q101: Which of the following is reflected in
Q102: Which of the following is NOT a
Q104: In GDP measurement, which of the following
Q105: Which of the following is NOT a
Q106: The country of PirateLand had a GDP
Q107: Why do GDP figures tend to understate
Q108: Suppose that the economy is in equilibrium,