Carl's Computer Center sells computers to business firms.Businesses then use the computers to produce other goods and services.Over the past year,sales representatives were paid $3.5 million,$0.5 million went for rent on the building,$0.5 million went for taxes,$0.5 million was profit for Carl,and $10 million was paid for computers at the wholesale level.What was the firm's total contribution to GDP?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q42: If a local government collects taxes of
Q43: Pete the Pizza Man produced $87,000 worth
Q44: The government budget surplus equals
A)government purchases plus
Q45: The uses-of-saving identity says that an economy's
Q46: Private disposable income equals
A)GNP - taxes +
Q49: In a given year,a country's GDP =
Q49: In a given year,a country's GDP =
Q50: Private saving is defined as
A)private disposable income
Q51: Which of the following equations describes the
Q52: The value of a household's assets minus
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents