Multiple Choice
If the Citrus Growers Association grows $1 million worth of oranges, sells $500,000 worth of oranges to consumers, uses the rest to make orange juice that is sold to consumers for $3 million, Citrus Grower's contribution to GDP is:
A) $500,000.
B) $1,000,000.
C) $3,500,000.
D) $4,000,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q98: Long-lived goods used for producing other goods
Q99: When economists use market values to aggregate
Q100: In a small town of 100 people,
Q101: The following provides data for an economy
Q102: The following provides data for an economy
Q104: GDP excludes important factors that affect people's
Q105: Suppose a jar of orange marmalade
Q106: The value of unpaid work by a
Q107: GDP is a measure of an economy's:<br>A)domestic
Q108: If business inventories at the beginning of