Question 15 Texas Sardines produced $14 million worth of cans of sardines. In producing these cans of sardines, it purchased $2 million dollars' worth of tin from foreign countries. What was the contribution to United States GDP? Enter a whole number with no other characters.

Question 15 Texas Sardines produced $14 million worth of cans of sardines. In producing these cans of sardines, it purchased $2 million dollars' worth of tin from foreign countries. What was the contribution to United States GDP? Enter a whole number with no other characters.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 3P

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List some of the reasons why economists should not consider GDP an effective measure of the standard of living in a county.
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