A baker buys 10 apples from a farmer for $.25/each. the baker uses the 10 apples to make an apple pie that they sell in their ba

Question

1 year ago

10

kery for $7.99. what is the total contribution to gdp?

1 answer:

RUDIKE [14] · Answer 1 · 2023-04-12T15:42:37+03:00

The total contribution to the GDP is $5.49.

<h3>How to find the total contribution to GDP?</h3>

GDP, the gross domestic product is the sum of all final goods and services produced in an economy within a given period.

When calculating GDP, only the value added of final goods and services are included. Intermediate goods are not added.

Therefore,

Total contribution to GDP = 7.99 - (10 X 0.25) = $5.49.

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