Business, 26.03.2020 22:08 lelseymota123

Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $600. The mining company melts down the gold, purifies it, and sells it to a jewelry maker for $1,000. The jewelry maker fashions the gold into a necklace that it sells to a department store for $1,600. Finally, the department store sells the necklace to a customer for $2,200.

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How much has GDP increased as a result of these transactions?

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Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $600. The mini...

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