The truck manufacturer purchased $8,000 in intermediate goods produced this year by domestic firms and $5,000 from foreign firms to make 2 truckm It sold the first truck for $21,000 to a domestic retailer who sold it to Mohd for $27,000. It sold the second truck to the domestic government for $25,000. Assuming everything happened this year, what was the total contribution of these trucks to domestic GDP?
The truck manufacturer purchased $8,000 in intermediate goods produced this year by domestic firms and $5,000 from foreign firms to make 2 truckm It sold the first truck for $21,000 to a domestic retailer who sold it to Mohd for $27,000. It sold the second truck to the domestic government for $25,000. Assuming everything happened this year, what was the total contribution of these trucks to domestic GDP?
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 4WNG
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Transcribed Image Text:The truck manufacturer purchased $8,000 in intermediate goods produced this year by domestic firms and $5,000 from foreign firms to make 2 trucks.
It sold the first truck for $21,000 to a domestic retailer who sold it to Mohd for $27,000. It sold the second truck to the domestic government for
$25,000.
Assuming everything happened this year, what was the total contribution of these trucks to domestic GDP?
Round to two decimal places. Do not enter the currency symbol, and enter the negative sign if appropriate. If your answer is -$1.125, enter-1.13.
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