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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?

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  1. 14 February, 14:29
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    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.
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