Al's Aluminum Company sells $1 million worth of aluminum to Shiny Foil Company, which uses the aluminum to make aluminum foil. Shiny Foil Company sells $4 million worth of aluminum foil to households. The transactions just described contribute how much to GDP?

Question

Demarion Arias

Business

14 February, 14:27

Al's Aluminum Company sells $1 million worth of aluminum to Shiny Foil Company, which uses the aluminum to make aluminum foil. Shiny Foil Company sells $4 million worth of aluminum foil to households. The transactions just described contribute how much to GDP?

+4

Answers (1)

Know the Answer?

Boomer · Answer 1

Complete question:

Al's Aluminum Company sells $1 million worth of aluminum to Shiny Foil Company, which uses the aluminum to make aluminum foil. Shiny Foil Company sells $4 million worth of aluminum foil to households. The transactions just described contribute how much to GDP?

A. $1 million B. $3 million C. $4 million D. $5 million

Answer:

The transactions just described contribute $4 million to GDP

Explanation:

The research on the use by populations of finite resources in order to generate and transfer useful commodities between individuals is cultural.

Two main economic concepts are behind this definition: that commodities are limited and that society must make effective use of its capital.

It is a selling approach that focuses on fast selling without attempting to build a long-term partnership with customers deliberately. The seller searches at openings here, establishes a partnership and eventually tries to conclude a sale.