QUESTION 5 SHOESINC sells shoes. At the beginning of 2020, SHOESINC had total inventory of 2,000...

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QUESTION 5 SHOESINC sells shoes. At the beginning of 2020, SHOESINC had total inventory of 2,000 pairs shoes. During 2020, SHOESINC produced 9,000 pairs of shoes and sold 7,000 pairs of shoes. Each pair of shoes sold for $100. In 2020, what is the contribution of SHOESINC economic activity towards GDP? O a. $100,000 b. $400,000 OC. $500,000 d. $600,000 e. $700,000 O f. 900,000 Og. $1,600,000 QUESTION 6 Consider Country S: In 2019, Country S had $15 trillion in consumption spending, $5 trillion dollars in government consumption, $3 tillion in business investment, $7 trillion in intermediate goods, $2 trillion in exports, $3 trillion in imports, $0.5 trillion in sales of used goods, and the government collected $2.5 trillion in taxes. Calculate the GDP of Country S in 2018 using the expenditure approach to GDP. O a. $19.5 trillion b. $20 trillion c. $21 trillion d. $22 trillion e. $23.5 trillion O f. $24.5 trillion g. $29 trillion Oh. $30.5 trillion QUESTION 5 SHOESINC sells shoes. At the beginning of 2020, SHOESINC had total inventory of 2,000 pairs shoes. During 2020, SHOESINC produced 9,000 pairs of shoes and sold 7,000 pairs of shoes. Each pair of shoes sold for $100. In 2020, what is the contribution of SHOESINC economic activity towards GDP? O a. $100,000 b. $400,000 OC. $500,000 d. $600,000 e. $700,000 O f. 900,000 Og. $1,600,000 QUESTION 6 Consider Country S: In 2019, Country S had $15 trillion in consumption spending, $5 trillion dollars in government consumption, $3 tillion in business investment, $7 trillion in intermediate goods, $2 trillion in exports, $3 trillion in imports, $0.5 trillion in sales of used goods, and the government collected $2.5 trillion in taxes. Calculate the GDP of Country S in 2018 using the expenditure approach to GDP. O a. $19.5 trillion b. $20 trillion c. $21 trillion d. $22 trillion e. $23.5 trillion O f. $24.5 trillion g. $29 trillion Oh. $30.5 trillion

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