A. This year Bob sells 5 houses for a total of $3.37 million dollars. He earns a 5.61% commission. All of these houses had been previously lived in. As a result of these transactions, GDP will increase by how much? Enter a numerical value rounded to two decimal places as necessary. B. A farmer grows wheat and sells it to the miller for $1.14. The miller turns the wheat into flour and sells it to the baker for $2.62. The baker turns the flour into bread and sells it to consumers for $4.86. As a result of these transactions, GDP will increase by how much? Enter a number rounded to two decimal places.
A. This year Bob sells 5 houses for a total of $3.37 million dollars. He earns a 5.61% commission. All of these houses had been previously lived in. As a result of these transactions, GDP will increase by how much? Enter a numerical value rounded to two decimal places as necessary. B. A farmer grows wheat and sells it to the miller for $1.14. The miller turns the wheat into flour and sells it to the baker for $2.62. The baker turns the flour into bread and sells it to consumers for $4.86. As a result of these transactions, GDP will increase by how much? Enter a number rounded to two decimal places.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A. This year Bob sells 5 houses for a total of $3.37 million dollars. He earns a 5.61% commission. All of these houses had been previously lived in. As a result of these transactions,
B. A farmer grows wheat and sells it to the miller for $1.14. The miller turns the wheat into flour and sells it to the baker for $2.62. The baker turns the flour into bread and sells it to consumers for $4.86. As a result of these transactions, GDP will increase by how much? Enter a number rounded to two decimal places.
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