Mathematics, 07.03.2021 01:00 angie07253
In 2020, a farmer sells $20 million worth of corn to REFG Company. REFG Company produces $25 million worth of cereal in 2020, with sales to households during the year of $21 million. The unsold $4 million worth of cereal remains in REFG Company’s inventory at the end of 2020. The transactions just described contribute how much to GDP for 2020?
a. $21 million
b. $20 million
c. $45 million
d. $25 million
Answers: 2
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In 2020, a farmer sells $20 million worth of corn to REFG Company. REFG Company produces $25 million...
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