Consider a company JuiceStop who issues stocks to the public for the first time in 2022. JuiceStop provides two shares. During 2022, JuiceStop sells one of the two shares to Emily for $21,000. Later in the same year, Emily sells the share to Janet for $25,000. The second share, at a market value of $24,000, is sold to Jerome. JuiceStop uses all the funds that are financed via selling stocks to Emily and Jerome to purchase cutting-edge juicer mathines produced in the U.S. The transactions just described contribute how much to GDP for 20227 Briefly explain your answer.
Consider a company JuiceStop who issues stocks to the public for the first time in 2022. JuiceStop provides two shares. During 2022, JuiceStop sells one of the two shares to Emily for $21,000. Later in the same year, Emily sells the share to Janet for $25,000. The second share, at a market value of $24,000, is sold to Jerome. JuiceStop uses all the funds that are financed via selling stocks to Emily and Jerome to purchase cutting-edge juicer mathines produced in the U.S. The transactions just described contribute how much to GDP for 20227 Briefly explain your answer.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Consider a company JuiceStop who issues stocks to the public for the first time in 2022. JuiceStop
provides two shares. During 2022, JuiceStop sells one of the two shares to Emily for $21,000. Later
in the same year, Emily sells the share to Janet for $25,000. The second share, at a market value of
$24,000, is sold to Jerome. JuiceStop uses all the funds that are financed via selling stocks to Emily
and Jerome to purchase cutting-edge juicer mathines produced in the U.S. The transactions just
described contribute how much to GDP for 2022? Briefly explain your answer.
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