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svlad2 [7]
2 years ago
5

Portland Sardines produced $14 million worth of cans of sardines. In producing these cans of sardines, it purchased $2 million d

ollars' worth of tin from foreign countries and paid workers who reside in Canada but commuted to the U.S. $1 million, all other labor was provided by U.S. residents. How much of the company's production was included in U.S. GDP
Business
1 answer:
Rudiy272 years ago
7 0

Answer:

$12 million

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

contribution to GDP = value of final good - value of intermediate good

14 = 2 = 12

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