Angus the sheep farmer sells wool to Barnaby the knitter for $20. Barnaby makes two sweaters, each
Question:
Angus the sheep farmer sells wool to Barnaby the knitter for $20. Barnaby makes two sweaters, each of which has a market price of $40. Collette buys one of them, while the other remains on the shelf of Barnaby’s store to be sold later. What is GDP here?
a. $40
b. $60
c. $80
d. $100
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
In this scenario GDP Gross Domestic Product is the total value of all final goods and services produ...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
12+ Reviews
21+ Question Solved
Related Book For 
Question Posted:
