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danby danby
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A year ago
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake two loaves of bread that are sold for $3.00 each to consumers. A second bag of flour is sold for $1.00 to a grocery store, which sells it to a consumer for $2.00. Taking these transactions into account, what is their contribution to GDP?

▸ $9.00

▸ $8.00

▸ $5.00

▸ $7.00
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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wukong81wukong81
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A year ago
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