KarlyBrookem KarlyBrookem

Today at 5:16 PM
Social Studies

Answered

The rancher sells beef to Ruth Chris steakhouse for $15.00. Ruth Chris sells a fillet to a customer for $30.00. what is the total contribution to GDP?

Answer :

andriansp andriansp

Today at 5:21 PM

here is the formula to calculate GDP:
GDP = C + G + I + NX
Where I is the investment that include all form of capital expenditure

Both sales mentioned above could be considered as a form of Capital expenditure, so the total contribution to GRP would be:
$30 + $ 15 = $ 45

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