Calculate the Gross Pay for Ryan O'Neal, an Apple Picker

question 19

Short Answer

Calculate the gross pay for Ryan O'Neal, an apple picker, assuming he picked 7,200 apples:
$$\begin{array} { | l | l | } \hline \text { Number apples } & \text { Rate per apple } \\\hline 1 - 2,000 & .07 \\\hline 2,001 - 3,000 & .08 \\\hline \text { Over } 3,000 & .12 \\\hline\end{array}$$

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Definitions:

Gross Domestic Product

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Cumulative Value

The total value generated over time by a series of financial transactions or investments.

Aggregate Income

All earnings of resource suppliers in an economy during a given period, usually a year.

Price Level

A measure of the average prices of goods and services in the economy at a given time, often used to assess inflation rates.