Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2022, a pharmaceutical company produces a $50,000 vaccine using $30,000 worth of chemical components and $20,000 worth of labour hours. Which of the following

image text in transcribed
image text in transcribed
In 2022, a pharmaceutical company produces a $50,000 vaccine using $30,000 worth of chemical components and $20,000 worth of labour hours. Which of the following is true? O The contribution of the pharmaceutical company to GDP in 2022 is $30,000 O The contribution of the pharmaceutical company to GDP in 2022 is $50,000 O Profit income for the pharmaceutical company in 2022 is $50,000 O None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management And Business Policy: Globalization, Innovation And Sustainability

Authors: Thomas L. Wheelen, J. David Hunger, Alan N. Hoffman, Chuck Bamford

14th Edition

0133126145, 978-0133126143

More Books

Students also viewed these Economics questions