Multiple Choice
Suppose we have the following information about a shoe manufacturer: wages $100,000,sales $500,000,taxes $50,000,loan interest $10,000,leather purchases $170,000,rubber purchases $130,000. What is the contribution of this manufacturer to GDP using the income approach?
A) $500,000.
B) $300,000.
C) $200,000.
D) $40,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q48: For the following questions, suppose an economy
Q49: Inventory investment consists of<br>A) construction expenditures, raw
Q50: For the following questions, suppose an economy
Q51: For the following questions, suppose an economy
Q52: If real GDP grows faster than nominal
Q54: The product approach to measuring GDP values
Q55: To compute a monthly consumer price index,we
Q56: The expenditure components of GDP include all
Q57: For the following questions, suppose an economy
Q58: GDP may inaccurately measure the value of