2. Angus the sheep farmer sells wool to Barnaby the knitter for $20. Barnaby makes two sweaters,...

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2. Angus the sheep farmer sells wool to Barnaby the knitter for $20. Barnaby makes two sweaters, each of which has a market price of $40. Collette buys one of them, while the other remains on the shelf of Bamaby's store to be sold later. What is the GDP here?

a. $40

b. $60

c. $80

d. $100

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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