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Category > Business & Finance Posted 02 May 2017 My Price 5.00

A farmer sells cotton to a clothing company

A farmer sells cotton to a clothing company for $1,000, and the clothing company turns the cotton into T-shirts that it sells to a store for a total of $2,000. How much did GDP increase as a result of these transactions?

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Alpha Geek
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Status NEW Posted 02 May 2017 06:05 PM My Price 5.00

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file 1493751690-answer1.docx preview (65 words )
A----------- fa-----------rme-----------r s-----------ell-----------s c-----------ott-----------on -----------to -----------a c-----------lot-----------hin-----------g c-----------omp-----------any----------- fo-----------r $-----------1,0-----------00,----------- an-----------d t-----------he -----------clo-----------thi-----------ng -----------com-----------pan-----------y t-----------urn-----------s t-----------he -----------cot-----------ton----------- in-----------to -----------T-s-----------hir-----------ts -----------tha-----------t i-----------t s-----------ell-----------s t-----------o a----------- st-----------ore----------- fo-----------r a----------- to-----------tal----------- of----------- $2-----------,00-----------0. -----------How----------- mu-----------ch -----------did----------- GD-----------P i-----------ncr-----------eas-----------e a-----------s a----------- re-----------sul-----------t o-----------f t-----------hes-----------e t-----------ran-----------sac-----------tio-----------ns?----------- A-----------nsw-----------er ----------- Gr-----------oss----------- do-----------mes-----------tic----------- pr-----------odu-----------ct -----------(GD-----------P):----------- Th-----------is -----------is -----------the----------- va-----------lue----------- of----------- al-----------l f-----------ini-----------she-----------d g-----------ood-----------s p-----------rod-----------uce-----------d i-----------n a----------- sp-----------eci-----------fic----------- ye-----------ar -----------dom-----------est-----------ica-----------lly-----------. A----------- pi-----------ece----------- of----------- co-----------tto-----------n t-----------urn-----------s i-----------nto----------- T------------shi-----------rts----------- -----------
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