In 2009, Corny Company grows and sells $2 million worth of corn to Tasty Cereal Company, which makes corn flakes. Tasty Cereal Company produces $6 million worth of corn flakes in 2009, with sales to households during the year of $4.5 million. The unsold $1.5 million worth of corn flakes remains in Tasty Cereal Company's inventory at the end of 2009. The transactions just described contribute how much to GDP for 2009? Select one: Oa. $6 million O b. $6.5 million O c. $4.5 million O d.. $8 million

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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In 2009, Corny Company grows and sells $2 million worth of corn to Tasty Cereal Company,
which makes corn flakes. Tasty Cereal Company produces $6 million worth of corn flakes in
2009, with sales to households during the year of $4.5 million. The unsold $1.5 million worth
of corn flakes remains in Tasty Cereal Company's inventory at the end of 2009. The
transactions just described contribute how much to GDP for 2009?
Select one:
O a. $6 million
Ob. $6.5 million
O c. $4.5 million
O d.. $8 million
Next page
Transcribed Image Text:Time left 0:48: In 2009, Corny Company grows and sells $2 million worth of corn to Tasty Cereal Company, which makes corn flakes. Tasty Cereal Company produces $6 million worth of corn flakes in 2009, with sales to households during the year of $4.5 million. The unsold $1.5 million worth of corn flakes remains in Tasty Cereal Company's inventory at the end of 2009. The transactions just described contribute how much to GDP for 2009? Select one: O a. $6 million Ob. $6.5 million O c. $4.5 million O d.. $8 million Next page
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