Business, 16.04.2020 01:26, joelpimentel
Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $600. The mining company melts down the gold, purifies it, and sells it to a jewelry maker for $1,000. The jewelry maker fashions the gold into a necklace that it sells to a department store for $1,600. Finally, the department store sells the necklace to a customer for $2,200.
Required:
How much has GDP increased as a result of these transactions?
Answers: 1
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Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $600. The mini...
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