Multiple Choice
Suppose a miller sells flour to a baker for $100. The baker then produces bread from the flour and sells it to Coles for $600. Coles in turn then sells it to the public for $850. The increase in GDP as a result of these transactions will be:
A) $1550.
B) $850.
C) $600.
D) $100.
Correct Answer:
Verified
Correct Answer:
Verified
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