During 2008, The rawhide company produced enough rawhide for 1000 dog chews. The dog chew manufacturing company bought 75% of that rawhide for $1500 and promised to buy the remaining 25% for $500 in 2009. The dog chew manufacturing company produced 750 dog chews during 2008 and sold 500 during that year for $5. What was the contribution to GDP for 2008? Select one: O a. $3750 O b. $5250 O c. $4250 O d. $2500 O e. $5750
During 2008, The rawhide company produced enough rawhide for 1000 dog chews. The dog chew manufacturing company bought 75% of that rawhide for $1500 and promised to buy the remaining 25% for $500 in 2009. The dog chew manufacturing company produced 750 dog chews during 2008 and sold 500 during that year for $5. What was the contribution to GDP for 2008? Select one: O a. $3750 O b. $5250 O c. $4250 O d. $2500 O e. $5750
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 3SCQ: Compute the inflation rate for fruit prices from 2001 to 2004.
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![During 2008, The rawhide company produced enough rawhide for 1000 dog chews.
The dog chew manufacturing company bought 75% of that rawhide for $1500 and
promised to buy the remaining 25% for $500 in 2009. The dog chew manufacturing
company produced 750 dog chews during 2008 and sold 500 during that year for
$5. What was the contribution to GDP for 20087
Select one:
53750
Ob. $5250
Oc. $4250
Od. $2500
Oe $5750](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F30e62c65-24a7-4b98-a69d-6f93d49d4efe%2F3efc7c8a-2a34-4e6e-868a-711698dc371d%2Fltnev1j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:During 2008, The rawhide company produced enough rawhide for 1000 dog chews.
The dog chew manufacturing company bought 75% of that rawhide for $1500 and
promised to buy the remaining 25% for $500 in 2009. The dog chew manufacturing
company produced 750 dog chews during 2008 and sold 500 during that year for
$5. What was the contribution to GDP for 20087
Select one:
53750
Ob. $5250
Oc. $4250
Od. $2500
Oe $5750
![Price per Unit
Units Produced 2007 2008 2009 2010
Blueberries 8
$2
$2
$2.1
$2.4
Pineapples 5
$2
$2.5
S2.5
S3
$2.5
$3
S4
S3.5
Cheese
If 2008 is the base year, the inflation rate between 2008 and 2009 is
Select one:
O a. 7.4%
Ob. 10.2%
Oc 6.1%
Od 3.9%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F30e62c65-24a7-4b98-a69d-6f93d49d4efe%2F3efc7c8a-2a34-4e6e-868a-711698dc371d%2Fr834b9q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Price per Unit
Units Produced 2007 2008 2009 2010
Blueberries 8
$2
$2
$2.1
$2.4
Pineapples 5
$2
$2.5
S2.5
S3
$2.5
$3
S4
S3.5
Cheese
If 2008 is the base year, the inflation rate between 2008 and 2009 is
Select one:
O a. 7.4%
Ob. 10.2%
Oc 6.1%
Od 3.9%
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