A Texas oil company extracts petroleum and sells it to a refinery for $10,000. After processing, the refinery sells the gasoline to a wholesaler for $13,000, who then sells it to a gas station for $15,000. The gas station sells it to customers for $22,000. In these transactions, how much has been added to GDP?   a. $15,000   b. $60,000   c. $13,000   d. $22,000   e. $10,000

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Chapter5: Measuring A Nation's Income
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A Texas oil company extracts petroleum and sells it to a refinery for $10,000. After processing, the refinery sells the gasoline to a wholesaler for $13,000, who then sells it to a gas station for $15,000. The gas station sells it to customers for $22,000. In these transactions, how much has been added to GDP?

  a.

$15,000

  b.

$60,000

  c.

$13,000

  d.

$22,000

  e.

$10,000

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