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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