The rancher sells beef to Ruth Chris steakhouse for $15.00. Ruth Chris sells a fillet to a customer for $30.00. what is the tota
l contribution to GDP?
1 answer:
Here is the formula to calculate GDP:
GDP<span> = C + G + I + NX
</span>Where I is the investment that include all form of capital expenditure
Both sales mentioned above could be considered as a form of Capital expenditure, so the total contribution to GRP would be:
$30 + $ 15 = $ 45
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