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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Related Book For
Principles Of Macroeconomics
ISBN: 9780176591977
7th Canadian Edition
Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie
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