Suppose farmer Jim sells $5 000 of wheat to Gina\'s Bakery. Gina uses the wheat
ID: 1158804 • Letter: S
Question
Suppose farmer Jim sells $5 000 of wheat to Gina's Bakery. Gina uses the wheat to make flour and then pizza dough which she sells to Joey's Pizzeria for $11 000. Joey's Pizzeria uses the pizza dough, along with $15 000 worth of cheese and other pizza ingredients purchased from other suppliers, to make 11,000 pizzas. Joey's Pizzeria sells the 11,000 pizzas for $12 each. How much do these transactions add to GDP? $ ___Please enter a whole number, with no decimal point. Suppose farmer Jim sells $5 000 of wheat to Gina's Bakery. Gina uses the wheat to make flour and then pizza dough which she sells to Joey's Pizzeria for $11 000. Joey's Pizzeria uses the pizza dough, along with $15 000 worth of cheese and other pizza ingredients purchased from other suppliers, to make 11,000 pizzas. Joey's Pizzeria sells the 11,000 pizzas for $12 each. How much do these transactions add to GDP? $ ___
Please enter a whole number, with no decimal point.
Explanation / Answer
As last transaction in terms of sell will be recorded in GDP
Here Joey sells 11000 Pizzas for $12 each hence the transactin would be added in GDP is $132,000 . All other factor costs are added into the final price