Suppose that mr. green jeans sells $5,000 of wheat to big ben bakery. big ben uses the wheat to make flour and then hamburger buns, which they sell to hamburger heaven for $11,000. hamburger heaven also buys $20,000 of beef from a rancher. hamburger heaven uses the beef and buns to make 10,000 hamburgers which are sold for $5 each. how much do these transactions add to gdp?

The gross domestic product (GDP) measures the monetary status of the market value of all final goods and services. With this definition therefore, the GDP of all these transactions only account the selling the final product, hamburger.

Add to GDP = 10,000 * $5

Add to GDP = $50,000

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

i would say their habit of breaking down.