Both Rachel and Monica are from the US. Rachel sells 1 pound of flour to Monica for $2 to produce cookies in her restaurant. Monica makes 100 cookies and sells half of them to Joey in the US and half to Ross in England. The price of the cookies is $3 for both consumers. Considering only these 3 transactions, what is the GDP in the US?

$200

$300

$302

$400

$402

$202

Note: please send me answer in typed form strictly prohibited hand written solution and send me finally answer seprately

Answer rating: 100% (QA)

To calculate the GDP in the US we need to consider t... View the full answer