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:

Short Paragraphs

Brief sections of writing that focus on a single idea, often used to improve readability and comprehension.

Mobile Devices

Portable electronic devices that have the capability to perform a wide range of tasks, including calling, texting, accessing the internet, and running various software applications.

Prioritizing Information

The process of arranging or dealing with data, tasks, or items in order of importance or urgency.

Mobile Devices

Portable electronic devices such as smartphones and tablets that have the capability to connect to the internet and run various applications.