In 2013, Blackberry bought $100 million in parts in New York and $150 million in par Ontario to produce $600 million worth of phones in Ontario. In 2013, Blackberry sold million in phones and paid $200 million in wages, $40 million in interest, and $60 milli rent. Blackberry sold the remaining phones in 2014. Based on this information, what wa Blackberry's value-added contribution to 2013 Canadian GDP? a) $600 million b) $500 million c) $450 million d) $350 million $200 million

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
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In 2013, Blackberry bought $100 million in parts in New York and $150 million in parts in
Ontario to produce $600 million worth of phones in Ontario. In 2013, Blackberry sold $500
million in phones and paid $200 million in wages, $40 million in interest, and $60 million in
rent. Blackberry sold the remaining phones in 2014. Based on this information, what was
Blackberry's value-added contribution to 2013 Canadian GDP?
a) $600 million
b) $500 million
c) $450 million
d) $350 million
e) $200 million
Transcribed Image Text:In 2013, Blackberry bought $100 million in parts in New York and $150 million in parts in Ontario to produce $600 million worth of phones in Ontario. In 2013, Blackberry sold $500 million in phones and paid $200 million in wages, $40 million in interest, and $60 million in rent. Blackberry sold the remaining phones in 2014. Based on this information, what was Blackberry's value-added contribution to 2013 Canadian GDP? a) $600 million b) $500 million c) $450 million d) $350 million e) $200 million
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