Pete the Pizza Man Produced $87,000 Worth of Pizzas in the Past

question 62

Short Answer

Pete the Pizza Man produced $87,000 worth of pizzas in the past year.He paid $39,000 to employees,paid $11,000 for vegetables and other ingredients,and paid $5000 in taxes.He began the year with ingredient inventories valued at $1000,and ended the year with inventories valued at $2000.What was Pete's (and his employees')total contribution to GDP this year?

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Definitions:

Disabled

A term referring to individuals who have impairments that may be physical, cognitive, mental, sensory, emotional, developmental, or some combination of these, which significantly hinders their ability to perform certain tasks or activities.

Stressed

Experiencing mental or emotional strain or tension resulting from adverse or demanding circumstances.

Asian American Men

Describes males of Asian descent living in the United States, focusing on their cultural, social, and psychological experiences and challenges within the broader American context.

Poor Older Adults

Refers to elderly individuals living in poverty, often facing unique health, social, and economic challenges.