During 2009, the leather company produced enough leather for 20 couches. The couch manufacturingcompany bought 80% of that leather for $16,000 and promised to buy the remaining 20% for $4,000 in2010. The couch manufacturing company produced 16 couches during 2009 and sold each one during thatyear for $3,000. What was the contribution to GDP for 2009?Select one:a. $64,000O b. $68,000O C. $48,000O d. $52,000 CO%24Calculate GDP using the information in the table below:SBillionsDurable goodsNonresident investment750Government purchase of goods 1000ExportsGovernment purchase of services 350Residential investmentServices009ImportsChange in business inventoriesNondurable goodsSelect one:O a. 3340O b. 2340Oc. 3760pe here to search近+66(564&%233.

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During 2009, the leather company produced enough leather for 20 couches. The couch manufacturing company bought 80% of that leather for $16,000 and promised to buy the remaining 20% for $4,000 in 2010. The couch manufacturing company produced 16 couches during 2009 and sold each one during that year for $3,000. What was the contribution to GDP for 2009? Select one: O a. $64,000 O b. $68,000 c. $48,000 O d. $52,000

During 2009, the leather company produced enough leather for 20 couches. The couch manufacturing company bought 80% of that leather for $16,000 and promised to buy the remaining 20% for $4,000 in 2010. The couch manufacturing company produced 16 couches during 2009 and sold each one during that year for $3,000. What was the contribution to GDP for 2009? Select one: O a. $64,000 O b. $68,000 c. $48,000 O d. $52,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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