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Jim's Nursery Produces and Sells $1100 Worth of Flowers

Question 62

Multiple Choice

Jim's Nursery produces and sells $1100 worth of flowers. Jim uses no intermediate inputs. He pays his workers $700 in wages,pays $100 in taxes and pays $200 in interest on a loan. Jim's contribution to GDP is


A) $900.
B) $1000.
C) $1100.
D) $1800.

Correct Answer:

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