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What Is the Sum of the Value Added of All

Question 33
Multiple Choice

What is the sum of the value added of all of the firms? A) $0.50. B) $1.50. C) $2.00. D) $4.00. E) $7.00.

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Q 34
Which of the following transactions would be included in the GDP of Canada? A) Honda produces cars in Ontario. B) Bank of Nova Scotia operates a branch in the Bahamas. C) Nortel Corporation produces telecommunications equipment in the United States. D) Microsoft Corporation produces Windows Vista in Redmond,Washington. E) Coca-Cola produces soft drinks in England.
Q 35
In the year 2012,Janice Quinn sells a five-year-old car to Used Car Inc.for $3,000.In the same year,Used Car Inc.resells the car to Ima Goner for $3,500.What is the contribution of this transaction to GDP in the year 2012? A) $0. B) $500. C) $3,000. D) $3,500. E) $6,500.
Q 36
In the year 2012,Pete Rich purchases a painting done by Rembrandt in 1,642 for $20 million.He also pays a one percent commission to the auction house that sold the painting.What is the contribution of this transaction to GDP in the year 2012? A) $0. B) $200,000. C) $2 million. D) $20 million. E) $20.2 million.
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