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Question 6 1 pts Imagine that I start a bar in Clemson. Each year I order $200,000 worth of food, beer and drink which is
Question 6 1 pts Imagine that I start a bar in Clemson. Each year I order $200,000 worth of food, beer and drink which is turned around and sold to customers. I also hire part-time staff, where the combined annual wages add up to $100,000. I also pay rent on my building which is $100,000 a year. Assume these are my only expenses. My bar is unusually successful and I generate $1,000,000 in revenue. How much does my bar contribute to GDP? (Hint: Think about using the national spending approach or the factor income approach. One is easier to use than the other) O $1,000,000 O $1,300,000 O $1,400,000 o $1,200,000 Activate Windows
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