1. A Toronto shoe manufacturer makes $250,000 in shoes from $100,000 in leather produced this year on an Alberta ranch, $50,000 in glue from a New York company, and $60,000 in nails produced last year by an Ontario steel mill. The shoe manufacturer sells $23,000 of these shoes this year. The contribution to Canadian GDP this year is

1. A Toronto shoe manufacturer makes $250,000 in shoes from $100,000 in leather produced this year on an Alberta ranch, $50,000 in glue from a New York company, and $60,000 in nails produced last year by an Ontario steel mill. The shoe manufacturer sells $23,000 of these shoes this year. The contribution to Canadian GDP this year is

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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