The Table Given Below Reports the Value of Sales at Each

question 46

Multiple Choice

The table given below reports the value of sales at each stage of production of an economics book.
Table 5.1
$\begin{array}{c}\text { The Production of an Economics Book }\\\begin{array}{|l|c|}\hline {\text { Production Stage }} & \text { Sales Value } \\\hline \text { Purchase of Timber } & \$ 1.25 \\\hline \text { Processing of Timber into Paper } & \$ 7.75 \\\hline \text { Printing } & \$ 24.50 \\\hline \text { Retail Sales of Economics Book } & \$ 38.00 \\\hline\end{array}\end{array}$
-Refer to Table 5.1. What is the contribution to GDP from the production of an economics book?

• A) $13.50
• B) $7.75
• C) $24.50
• D) $38
• E) $71.50

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Definitions:

Transactions

Operations or exchanges between parties, often involving the transfer of goods, services, money, or information.

Knowledge

Information, understanding, and skills gained through education or experience; the theoretical or practical understanding of a subject.

Accumulated Learning

The process of systematically gathering knowledge and skills through experience or education over time, enhancing an individual's or organization's capabilities.

Expertise

Deep knowledge or skill in a particular area or field developed over time.