One Bag of Flour Is Sold for $1

question 61

Multiple Choice

One bag of flour is sold for $1.00 to a bakery,which uses the flour to bake bread that is sold for $3.00 to consumers.A second bag of flour is sold for $1 to a grocery store who sells it to a consumer for $2.00.Taking these four transactions into account,what is the effect on GDP?

• A)GDP increases by $3.00.
• B)GDP increases by $5.00.
• C)GDP increases by $6.00.
• D)GDP increases by $7.00.

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Definitions:

Self-Reported Emotions

Emotions that individuals acknowledge and describe about themselves, typically through verbal or written reports.

Facial Expressions

Visible changes in the face that communicate someone's emotions to others.

Cultural Influences

The impact of societal norms, values, beliefs, and practices on the behavior and attitudes of individuals within that society.

Homeostasis

The self-regulating process by which biological systems tend to maintain stability while adjusting to conditions that are optimal for survival.