In 2016, X Company produced $100,000 worth of synthetic silk.  In the same year, X Company sold $1,000 of this silk directly to consumers, via its online outlet.  X Company also sold $50,000 of the fabric to Y Company.  Y Company used the fabric in 2016 to produce $85,000 worth of designer swimwear.  X Company sold the remaining silk in 2017 to Z Company, where it was all used to produce a single fabulous $300,000 Say-Yes-to-the-Dress-type gown. Under the Spending Approach, how much did all of this economic activity contribute to 2016's GDP? a) $100,000 in silk, $35,000 in swimwear, $0 in bridal gowns b) $50,000 in silk, $85,000 in swimwear, $300,000 in bridal gowns c) $1,000 in silk, $35,000 in swimwear, $251,000 in bridal gowns d) $1,000 in silk, $85,000 in swimwear, $300,000 in bridal gowns e) $50,000 in silk, $85,000 in swimwear, $0 in bridal gowns f) $50,000 in silk, $35,000 in swimwear, $0 in bridal gowns

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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In 2016, X Company produced $100,000 worth of synthetic silk.  In the same year, X Company sold $1,000 of this silk directly to consumers, via its online outlet.  X Company also sold $50,000 of the fabric to Y Company.  Y Company used the fabric in 2016 to produce $85,000 worth of designer swimwear. 

X Company sold the remaining silk in 2017 to Z Company, where it was all used to produce a single fabulous $300,000 Say-Yes-to-the-Dress-type gown.

Under the Spending Approach, how much did all of this economic activity contribute to 2016's GDP?

a) $100,000 in silk, $35,000 in swimwear, $0 in bridal gowns
b) $50,000 in silk, $85,000 in swimwear, $300,000 in bridal gowns
c) $1,000 in silk, $35,000 in swimwear, $251,000 in bridal gowns
d) $1,000 in silk, $85,000 in swimwear, $300,000 in bridal gowns
e) $50,000 in silk, $85,000 in swimwear, $0 in bridal gowns
f) $50,000 in silk, $35,000 in swimwear, $0 in bridal gowns
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