Question 1
If an economy produced 10 pizzas at $20 each and fifteen gallons of root beer at $5 each, the total value of these goods and services would be
◦ $75.
◦ $200.
◦ $275.
◦ $2,750.
Question 2
Which of the following is an example of an intermediate good?
◦ the tortillas you buy to make yourself a burrito for lunch
◦ the blueberries you buy to bake yourself some muffins
◦ the chocolate chips you purchase to make cookies to sell at a bake sale for your kids' school
◦ the lumber you buy to build a house for your dog