Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $80,000. The retailer, in turn, brings in $155,000 from selling the bulbs directly to final customers. What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year?

What will be an ideal response?

155,000

Economics

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Which of the following countries is part of the ERM but NOT part of the Eurozone?

A) France B) Italy C) Spain D) Denmark

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Fact: Very few skyscrapers are found on rural farmlands, far outside the city. Why?

A) As opposed to city property, farmland cannot support a skyscraper's tremendous weight per square foot. B) Skyscrapers would spoil the view of the rural landscape. C) The opportunity cost of building skyscrapers in rural areas is too high. D) There are far too many dangers involved.

Economics