* Question Completion Status:QUESTION 15Robert loves eating pizza. He bought flour and used it to bake pizza. CARMIN Bakery bought flour which it used to bake pizza that customers purchased. In whichcase will the flour be counted as a final good?Robert's purchase and CARMIN Bakery's purchase.CARMIN Bakery's purchase but not Robert's purchase.Robert's purchase but not CARMIN Bakery's purchase.Neither Robertť's purchase nor CARMIN Bakery's purchase.a.C.d.O aO bO cO dQUESTION 16In 2020, a farmer sells $20 million worth of corn to REFG Company. REFG Company produces $25 million worth of cereal in 2020, with sales to households duringthe year of $21 million. The unsold $4 million worth of cereal remains in REFG Company's inventory at the end of 2020. The transactions just described contributehow much to GDP for 2020?a.$21 millionb.$20 millionC.$45 milliond.$25 millionO aO b

1)Final good of the flour would be for Robert but not for Carmin bakery. Because Robert bought the…

estion Completion Status: QUESTION 15 cobert loves eating pizza. He bought flour and used it to bake pizza. CARMIN Bakery bought flour which it used to bake pizza that customers purchased. In which ase will the flour be counted as a final good? Robert's purchase and CARMIN Bakery's purchase. CARMIN Bakery's purchase but not Robert's purchase. Robert's purchase but not CARMIN Bakery's purchase. Neither Robertť's purchase nor CARMIN Bakery's purchase. O a QUESTION 16 2020, a farmer sells $20 million worth of corn to REFG Company. REFG Company produces $25 million worth of cereal in 2020, with sales to households during e year of $21 million. The unsold $4 million worth of cereal remains in REFG Company's inventory at the end of 2020. The transactions just described contribute ow much to GDP for 2020? $21 million $20 million $45 million $25 million O a O b

estion Completion Status: QUESTION 15 cobert loves eating pizza. He bought flour and used it to bake pizza. CARMIN Bakery bought flour which it used to bake pizza that customers purchased. In which ase will the flour be counted as a final good? Robert's purchase and CARMIN Bakery's purchase. CARMIN Bakery's purchase but not Robert's purchase. Robert's purchase but not CARMIN Bakery's purchase. Neither Robertť's purchase nor CARMIN Bakery's purchase. O a QUESTION 16 2020, a farmer sells $20 million worth of corn to REFG Company. REFG Company produces $25 million worth of cereal in 2020, with sales to households during e year of $21 million. The unsold $4 million worth of cereal remains in REFG Company's inventory at the end of 2020. The transactions just described contribute ow much to GDP for 2020? $21 million $20 million $45 million $25 million O a O b

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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