Multiple Choice
Scenario 4.1
CANOES-R-US makes canoes.It buys the shell of the canoe from another firm for $300 and uses its labour and intermediate goods to make the canoe.It sells the finished canoe to a retail canoe store for $800.The retail canoe store then sells the canoe to a consumer for $1,200.
-Refer to Scenario 4.1.The value of each canoe in gross domestic product equals
A) $1,200.
B) $800.
C) $500.
D) $400.
E) $300.
Correct Answer:

Verified
Correct Answer:
Verified
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