Solved

In 2007,Corny Company Grows and Sells $2 Million Worth of Corn

Question 295

Multiple Choice

In 2007,Corny Company grows and sells $2 million worth of corn to Tasty Cereal Company,which makes corn flakes.Tasty Cereal Company produces $6 million worth of corn flakes in 2007,with sales to households during the year of $4.5 million.The unsold $1.5 million worth of corn flakes remains in Tasty Cereal Company's inventory at the end of 2007.The transactions just described contribute how much to GDP for 2007?


A) $4.5 million
B) $6 million
C) $6.5 million
D) $8 million

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions