Mathematics, 06.01.2021 18:00 hshshd28
Calculate GDP using the information for the 10 products listed below. Remember, only count the appropriate goods!
Products and Prices:
1. A new F150 purchased by a carpenter - $55,000.
2. A pound of butter purchased by a baker to make a cake - $4.
3. A pound of flour purchased by a household - $2.
4. A set of 4 tires purchased by Ford to put on a new F150 they are building - $1200.
5. A new television set purchased as a Christmas gift - $600.
6. A used Nintendo Switch purchased as a Christmas gift - $100.
7. A cake purchased by a household for a birthday party - $25.
8. Lumber purchased by a carpenter to build a new house - $15,000.
9. A new house purchased by a family from a carpenter - $250,000.
10. An existing house purchased by a family from an estate - $300,000.
Answers: 2
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Calculate GDP using the information for the 10 products listed below. Remember, only count the appro...
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