Jim's Nursery produces and sells $1100 worth of flowers. Jim uses no intermediate inputs. He pays his workers $700 in wages, pays $100 in taxes and pays $200 in interest on a loan. Jim's contribution to GDP isA) $900. B) $1000. C) $1100. D) $1800

Question

Alayna Burnett

Mathematics

19 September, 04:36

Jim's Nursery produces and sells $1100 worth of flowers. Jim uses no intermediate inputs. He pays his workers $700 in wages, pays $100 in taxes and pays $200 in interest on a loan. Jim's contribution to GDP isA) $900. B) $1000. C) $1100. D) $1800

+4

Answers (1)

Know the Answer?

Carly Reyes · Answer 1

C) $1100

Step-by-step explanation:

Jim Nursery produces and sells $1100 worth of flowers

wages paid to the worker = $700

taxes paid = $100

and interest paid on loan = $200

GDP is the monetary value of goods and services produced in country in financial year. Jim's Nursery produces and sells $1100 worth of flowers. hence his contribution to GDP is $1100.