Suppose a Jar of DeLux Popcorn That Is Ultimately Sold

question 108

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: If the corn was grown and the jar of popcorn produced in the year 2015, but the jar was sold at Friendly Groceries in the year 2016, what is the contribution of these transactions to GDP in the year 2016?

• A) $0.00
• B) $0.50
• C) $1.50
• D) $4.00

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Definitions:

Product Completion

The final stage in the production process where a product is finished and ready for sale.

Backward Scheduling

Scheduling that involves arranging production activities around the due date for the product.

Efficiency

The ability to accomplish a task or produce a desired outcome with the minimum amount of waste, expense, or unnecessary effort.

Customer Service

The support and assistance businesses provide to their customers before, during, and after a purchase.