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You Purchase a Bag of Chocolate Chips for $3, a Bag

Question 116

Multiple Choice

You purchase a bag of chocolate chips for $3, a bag of flour for $1, a bag of sugar for $.50, a half dozen eggs for $.50, and a half pound of butter for $2. You use all these ingredients to make three dozen cookies. Your roommate offers you $15 for them, and you happily accept. How much does this process contribute to GDP?


A) $7
B) $15
C) $22
D) $8

Correct Answer:

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