Suppose a Jar of DeLux Popcorn That Is Ultimately Sold

question 207

Multiple Choice

Suppose a jar of DeLux popcorn that is ultimately sold to a customer at Friendly Groceries is produced by the following production process:  
$$\begin{array} { | l | c | r | } \hline { \text { Name of Campany } } & \text { Revenues } & \text { Cast af Pur chased Inguts } \\\hline \text { Citrus Growers Irc. } & \$ 0.75 & \mathbf { 0 } \\\hline \text { Florida Jarn Cormparty } & \$ 2.00 & \$ 0.75 \\\hline \text { The Comer Store } & \$ 2.50 & \$ 2.00 \\\hline\end{array}$$  
If the corn was grown and the jar of popcorn produced in the year 2017, but the jar was sold at Friendly Groceries in the year 2018, what is the contribution of these transactions to GDP in the year 2017?

• A)$0.50
• B)$2.00
• C)$2.50
• D)$3.00

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Definitions:

Atlantic Ocean

A vast body of salt water that separates the Americas from Europe and Africa.

Island Arc

A curved chain of volcanic islands located at a tectonic plate boundary, typically formed above a subducting plate.

Volcanic Origin

Pertaining to the formation of geological features or materials from volcanic processes.

Island Chains

A series of islands closely spaced in a linear or arc formation, often formed by volcanic activity.