A shoe retailer purchases a pair of shoes wholesale for $20 and sells the shoes for $25.

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A shoe retailer purchases a pair of shoes wholesale for $20 and sells the shoes for $25. How much has the shoe retailer contributed to GDP under the 'value-added' approach?
Select the correct answer below:
$25
$20
$5
$0

Related Book For answer-question

Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Posted Date: Feb 14, 2024 03:57 AM

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A shoe retailer purchases a pair of shoes wholesale for $20 and sells the shoes for $25.

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Microeconomics

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