Which increases GDP the most: 1 pound of dried beans or one pound of New York strip steak?

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02-07-2021
Business

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Which increases GDP the most: 1 pound of dried beans or one pound of New York strip steak?

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Francocanacariidn Francocanacariidn · Answer 1 · 2021-07-07T20:57:05-04:00

Francocanacariidn Francocanacariidn

07-07-2021

Answer:

To determine which increases GDP the most, 1 pound of dried beans or one pound of New York strip steak, the value of each of these foods must be considered. Thus, knowing that in general meat has a much higher market value than beans (in supermarkets, 1 pound of beans costs about $ 2 or $ 3, while 1 pound of New York strip steak costs about $ 13), 1 pound of New York strip steak increases GDP the most.

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