Join IDNLearn.com to access a wealth of knowledge and get your questions answered by experts. Our platform is designed to provide reliable and thorough answers to all your questions, no matter the topic.
Sagot :
Answer:
$ 25
Explanation:
As per the description, the exact amount that is being contributed from the corn bushel to the Gross Domestic Product would be $ 25. The price at which the farmer sold it to the supermarket would not be included in the GDP because it would be considered as an intermediary good because the good purchased for the resale purpose is not included in GDP as it leads to double-counting. Thus, only the price of the final good i.e. $ 25 would be included in GDP as it will now be used for final consumption by the customers.
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Discover the answers you need at IDNLearn.com. Thanks for visiting, and come back soon for more valuable insights.
