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Title: Consider the following simplified sequence of exchanges. A logger sells an oak tree to a sawmill own Post by: Sublight2097 on Jun 20, 2015 Consider the following simplified sequence of exchanges. A logger sells an oak tree to a sawmill owner for $60. The sawmill mills it, and sells the boards to a woodworker for $80. The woodworker makes an oak bookcase out of the boards, and sells it to a retailer for $300. The retailer then sells you the bookcase for $500. As a result, GDP increases by
A) $200. B) $300. C) $440. D) $500. E) $940. Title: Re: Consider the following simplified sequence of exchanges. A logger sells an oak tree to a sawmill Post by: Sydnie on Aug 7, 2015 Content hidden
Title: Re: Consider the following simplified sequence of exchanges. A logger sells an oak tree to a sawmill own Post by: Sublight2097 on Aug 31, 2015 I've noticed they use a lot of trickery with their questions. Thank you for your input.
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