QUESTION 1$90,000 worth of strawberries are sold to individuals who take them home to eat, $120,000 worth of strawberries are sold to a company that uses them to producejelly, and $170,000 worth of strawberries are sold to a grocery store that will sell them to households. How much of the sales will be included as strawberries in theGross Domestic Product?a.$90,000b.$120,000С.$380,000d.$170,000adQUESTION 2Grapes are considered intermediate goodsa.whether the purchaser uses them to make wine to sell or eats them.b.if the purchaser uses them to make wine to sell others but not if the purchaser eats them.if the purchaser eats them, but not if the purchaser uses to them to make wine to sell.C.d.None of the above is correct.O a

Option (c) is correct. Option (b) is correct.

QUESTION 1 $90,000 worth of strawberries are sold to individuals who take them home to eat, $120,000 worth of strawberries are sold to a company that uses them to produce jelly, and $170,000 worth of strawberries are sold to a grocery store that will sell them to households. How much of the sales will be included as strawberries in the Gross Domestic Product? a. $90,000 b. $120,000 C. $380,000 d. $170,000 a QUESTION 2 Grapes are considered intermediate goods a. whether the purchaser uses them to make wine to sell or eats them. b. if the purchaser uses them to make wine to sell others but not if the purchaser eats them. if the purchaser eats them, but not if the purchaser uses to them to make wine to sell. None of the above is correct. C. d. O a

QUESTION 1 $90,000 worth of strawberries are sold to individuals who take them home to eat, $120,000 worth of strawberries are sold to a company that uses them to produce jelly, and $170,000 worth of strawberries are sold to a grocery store that will sell them to households. How much of the sales will be included as strawberries in the Gross Domestic Product? a. $90,000 b. $120,000 C. $380,000 d. $170,000 a QUESTION 2 Grapes are considered intermediate goods a. whether the purchaser uses them to make wine to sell or eats them. b. if the purchaser uses them to make wine to sell others but not if the purchaser eats them. if the purchaser eats them, but not if the purchaser uses to them to make wine to sell. None of the above is correct. C. d. O a

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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