Business, 23.11.2019 02:31 liddopiink1

In 2014, a farmer grows and sells $3 million worth of corn to big flakes cereal company. big flakes cereal company produces $8 million worth of cereal in 2014, with sales to households during the year of $7 million. the unsold $1 million worth of cereal remains in big flake cereal company’s inventory at the end of 2014. the transactions just described contribute how much to gdp for 2014?
a. $3 million
b. $7 million
c. $8 million
d. $11 million

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In 2014, a farmer grows and sells $3 million worth of corn to big flakes cereal company. big flakes...

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