Business
Business, 12.02.2020 03:34, rayne40

Suppose U. S. drivers purchased $70 billion of ExxonMobil-produced gasoline during a recent year, with one-half purchased directly from ExxonMobil-owned gas stations and one-half from independent (or third-party) gas stations. Suppose further that ExxonMobil purchased the oil (which it refined into gasoline) from foreign producers for $24 billion and that it receives 60 percent of the sales revenue that independent stations generate from selling ExxonMobil gasoline. In this case, the value added by ExxonMobil to U. S. GDP is $ billion. (Enter your response as an integer.)

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Suppose U. S. drivers purchased $70 billion of ExxonMobil-produced gasoline during a recent year, wi...

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