A farmer sells $150,000 of apples to individuals who take them home to eat and $75,000 of apples to a company that uses them all to produce cider. How much of the farmer's sales will be included as apples in GDP? * O $150,000 O $160,000 $170,000 O $120,000

A farmer sells $150,000 of apples to individuals who take them home to eat and $75,000 of apples to a company that uses them all to produce cider. How much of the farmer's sales will be included as apples in GDP? * O $150,000 O $160,000 $170,000 O $120,000

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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Question

A farmer sells $150,000 of apples to individuals who take them home to eat and
$75,000 of apples to a company that uses them all to produce cider. How much
of the farmer's sales will be included as apples in GDP? *
O $150,000
O $160,000
O $170,000
O $120,000

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