Arthur Sells $100 Worth of Cotton to Bob

question 19

Multiple Choice

Arthur sells $100 worth of cotton to Bob.Bob turns the cotton into cloth, which he sells to Camille for $300.Camille uses the cloth to make prom dresses that she sells to Donita for $700.Donita sells the dresses for $1,200 to kids attending the prom.The total contribution to GDP of this series of transactions is

• A)$1,200.
• B)$500.
• C)$2,300.
• D)$1,100.

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Definitions:

Personal Characteristics

Traits or attributes that define an individual's unique personal qualities and behaviors.

College Educated

Having attained a degree or degrees from a college or university, indicative of a certain level of formal education.

Community College Degree

An academic qualification awarded by community colleges upon completion of a specified program of study, usually an associate's degree.

High School Education

A secondary level of formal education typically completed by adolescents that encompasses grades 9 through 12 or equivalent.