Question
Assume that Ryan works part-time at Domino's Pizza and earns an annual wage of $15,000. He sold 4000 pizzas at $5 per pizza during the
Assume that Ryan works part-time at Domino's Pizza and earns an annual wage of $15,000. He sold 4000 pizzas at $5 per pizza during the year. He was unemployed for part of the year so he received unemployment benefits of $3000. During the past year, Ryan bought a used car for $1000. Using the expenditure approach to calculate GDP, how much has Ryan contributed to GDP?
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Microeconomics Theory And Applications With Calculus
Authors: Jeffrey M. Perloff
4th Edition
134167384, 134167381, 978-0134167381
