In 2009, Corny Company Grows and Sells $2 Million Worth

question 282

Multiple Choice

In 2009, Corny Company grows and sells $2 million worth of corn to Tasty Cereal Company, which makes corn flakes. Tasty Cereal Company produces $6 million worth of corn flakes in 2009, with sales to households during the year of $4.5 million. The unsold $1.5 million worth of corn flakes remains in Tasty Cereal Company's inventory at the end of 2009. The transactions just described contribute how much to GDP for 2009?

• A)$4.5 million
• B)$6 million
• C)$6.5 million
• D)$8 million