Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Tea Fun Corp. manufactures tea cups. In 2020 it had $4 million worth of tea cups in inventory. In 2021 it sold $20 million worth
Tea Fun Corp. manufactures tea cups. In 2020 it had $4 million worth of tea cups in inventory. In 2021 it sold $20 million worth of tea cups to consumers and had $2 million worth of tea cups in inventory. How much did the tea cups produced by Tea Fun Corp. add to GDP in 2021? a. $22 million b. $20 million C. $18 million d. $6 million
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started