A Bakery Uses Flour to Produce Bread

question 47

Multiple Choice

A bakery uses flour to produce bread. When calculating GDP, we include ________, because when we add the value of the flour to the value of the loaf of bread to calculate GDP, the result is ________.

• A)only the value of the bread sold in a store; double counting
• B)only the value of the flour used to produce the bread; double counting
• C)both the value of the bread sold in a store and the value of the flour used to produce the bread; double counting
• D)both the value of the bread sold in a store and the value of the flour used to produce the bread; the true value of the economy's output
• E)none of the above

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Definitions:

Ultimate Source

The primary origin from which something derives or is obtained.

Organisms

Any living individual entity that can carry out life processes such as growth, reproduction, and metabolism.

Sunlight

The natural light emitted by the sun, providing the energy necessary for photosynthesis in plants and influencing various biological processes in living organisms.

Food Web

In ecosystems, a complex pattern of interlocking and crisscrossing food chains.