Question
A shoe retailer purchases a pair of shoes wholesale for $20 and sells the shoes for $25. How much has the shoe retailer contributed to
A shoe retailer purchases a pair of shoes wholesale for $20 and sells the shoes for $25. How much has the shoe retailer contributed to GDP under the 'value-added' approach?
Select the correct answer below:
$25
$20
$5
$0
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
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