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Author Question: A rancher raises alpaca. Once a year, he shears them and sells the raw wool to a processor who spins ... (Read 60 times)

nramada

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  • Posts: 580
on: Apr 19, 2019

Question 1

If, in 2016, an economy's total production was 50 bushels of soybeans at $20 each and 40 gallons of honey at $15 per gallon, its gross domestic product would be


◦ $400.
◦ $600.
◦ $1,000.
◦ $1,600.

Question 2

A rancher raises alpaca. Once a year, he shears them and sells the raw wool to a processor who spins it into yarn. The yarn is then sold to a mill which produces and sells alpaca sweaters. In calculating GDP we would count


◦ the raw wool, the yarn and the sweaters.
◦ only the yarn and the sweaters.
◦ only the sweaters.
◦ only the raw wool and the yarn.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nramada on Apr 19, 2019

manuelcastillo

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nramada

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

ultraflyy23

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Reply 3 on: Yesterday
Excellent

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