1. The largest expenditure category of GDP is investment spending. Group of answer choices True False 2. A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces for a total of $20; they buy assorted vegetables for $40. They create 50 meals with these ingredients and sell each one for $5. How much does this process contribute to GDP? Group of answer choices $70 $180 $250 $200 3. GDP increased from $16.28 trillion to $17.78 trillion. What was the growth rate of GDP? Enter a number rounded to two decimal places. Do not enter any other characters.
1. The largest expenditure category of GDP is investment spending. Group of answer choices True False 2. A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces for a total of $20; they buy assorted vegetables for $40. They create 50 meals with these ingredients and sell each one for $5. How much does this process contribute to GDP? Group of answer choices $70 $180 $250 $200 3. GDP increased from $16.28 trillion to $17.78 trillion. What was the growth rate of GDP? Enter a number rounded to two decimal places. Do not enter any other characters.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Taking The Nation's Economic Pulse
Section: Chapter Questions
Problem 4CQ
Related questions
Question
1. The largest expenditure category of
Group of answer choices
True
False
2. A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces for a total of $20; they buy assorted vegetables for $40. They create 50 meals with these ingredients and sell each one for $5. How much does this process contribute to GDP?
Group of answer choices
$70
$180
$250
$200
3. GDP increased from $16.28 trillion to $17.78 trillion. What was the growth rate of GDP? Enter a number rounded to two decimal places. Do not enter any other characters.
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