How much was added to gdp

Assignment Help Microeconomics

Reference no: EM133707516

Question: Suppose cotton is grown in Alabama, harvested and sold to a company in Oregon for $100,000. The Oregon company turns the cotton into cloth and sells it to a company in Canada for $250,000. The company in Canada makes t-shirts out of the cloth and sells it to a wholesaler in Maine for $600,000. The wholesaler sells the shirts to a retailer in Mexico that sells the shirts for $1,000,000. How much was added to GDP?

Reference no: EM133707516

Questions Cloud

What is foreign is best and that what is local is inferior : Which does one portray when he thinks that what is foreign is best and that what is local is inferior

What is the importance of timeliness regarding the army : In a paragraph or more What is the importance of timeliness regarding the army?

Types of intermediate punishments : Of the various types of intermediate punishments, which one makes the most sense to you? How would you recommend expanding it?

Which parenting style is the nurse observing : child continues and the parent does not follow through with the consequence. Which parenting style is the nurse observing?

How much was added to gdp : The wholesaler sells the shirts to a retailer in Mexico that sells the shirts for $1,000,000. How much was added to GDP

Why did stay out of world war i between 1914 and 1917 : Why did the United States stay out of World War I between 1914 and 1917? For what reasons did this stance change?

Can you think of ways in which we are also gaining increased : Can you think of ways in which we are also gaining increased control? Can you think of a way in which more control over media can be a bad thing?

What are michael moores main arguments in the film : What are Michael Moore's main arguments in the film? What are some examples he gives in the film to support his main arguments?

How much is spent on investment in this economy : How much is spent on investment in this economy? investment: $ million What is national saving in this economy? saving: $ million How are investment

User Account

All Pages