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diamong [38]
3 years ago
7

A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces for a total of $20; they buy

assorted vegetables for $40. They create 50 meals with these ingredients and sell each one for $5.04. How much does this process contribute to GDP
Business
1 answer:
UNO [17]3 years ago
5 0

Answer: $252

Explanation:

GDP is calculated by summing up the value of final goods and services in a country within a period. This means that intermediate values are not included and this is done to avoid double counting.

The GDP contribution here therefore will be the value of the meals created;

= 50 * 5.04

= $252

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