If an automobile manufacturer pays $200 for a car windshield, $400 for four car tires, $100 for a car radio, and sells cars made with these parts for $20,000, then each car the automobile manufacturer sells contributes how much to GDP?
A. $20,200
B. $19,300
C. $20,000
D. $20,700
Answer: C
Economics
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Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, what is the market quantity demanded at a price of $9?
A) 2 B) 4 C) 6 D) 10
Economics
How does conventional monetary policy work?
A. Fed selects target rate, uses OMO to change supply of reserves, and changes money supply to move to target B. changes supply of bank reserves through OMO, changes price of reserves, Fed Funds rate changes other interest rates C. changes money supply through OMO, changes Fed Funds rate D. all of the above
Economics