A Texas oil company extracts petroleum and sells it to a refinery for $10,000. After processing, the refinery sells the gasoline to a wholesaler for $13,000, who then sells it to a gas station for $15,000. The gas station sells it to customers for $22,000. In these transactions, how much has been added to GDP?   a. $15,000   b. $60,000   c. $13,000   d. $22,000   e. $10,000

4. Which of the following transactions will be counted in the GDP     a) Purchase of a used car.     b) Income gained by an American citizen from a company he owns but which operates in Italy.     c) Sale of a share of General Motors on the stock market.     d) Your production of "home-made" bread for your family's use.     e) The production of steel for use in automobile production, that remained in inventory at year's end.     f) The sale of steel used in automobile production.     g) You fix your neighbor's car in exchange for his helping you with your plumbing, but neither of you reports income to the IRS.     h) You fix your neighbor's car in exchange for his helping you with your plumbing, and you report the value of these services to the IRS as income.     i) Services of a prostitute in a jurisdiction where prostitution is illegal

In 2020, Delorse Greenlee purchased a 1892 painting by Paul Cezanne for $250 million. She also paid a 1 percent commission to the auction house that sold the painting. What was the contribution of these transactions to GDP in the year 2020? Select one: a. $2.5 million b. $252.5 million C. $25 million d. $0

Jake buys a used Harley-Davidson motorcycle for $2,500. He spends an additional $950 installing brand-new, US-made tail pipes-"loud pipes save lives," after all. After all of Jake's purchases, by how much does GDP-the measurement of total national production of goods and services-change? $2,500 $3,450 $950

The question is in the image.

Ben is a farmer who grows oranges. In the current year Ben produces oranges valued at $54,087, half of which he sells directly to consumers, and half of which he sells to Tropicana to make orange juice. Tropicana produces orange juice and sells it to consumers for $84,605. What is the value of GDP in this simple economy? Enter a whole number with no commas and no dollar sign, such as 1876.

A farmer sells cucumbers to a food processor for $1.50 per pound. The food processor makes the cucumbers into pickles and sells each jar of pickles to a grocery store for $2.50. The grocery store sells each jar of pickles for $3.00. How much do these transactions add to GDP? b. $7.00 c. $1.50 d. $3.00

Carl B. Cotton owns a 10-acre farm filled with cotton plants. Each year he hires a few workers to pick the cotton and he sells it to Candy's Cloth for $5,000. Candy uses the cotton to makes bolts of cloth that she sells for $9,000 to Ted's T-Shirts. Ted makes t-shirts with the cloth and sells the shirts to consumers for a total of $12,000. As a result of these transactions GDP increases by $  . The value added by Carl is $  . The value added by Candy is $  . The value added by Ted is $