In 2007,Corny Company Grows and Sells $2 Million Worth of Corn

question 295

Multiple Choice

In 2007,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 2007,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 2007.The transactions just described contribute how much to GDP for 2007?

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

Learn about the impact of remittances on developing countries' economies.

Grasp the concept of industrial policy and its relevance to economic development.

Comprehend the significance of agriculture productivity in the Global South and the challenges faced.

Understand the broad patterns of global population dynamics and migration patterns.

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Definitions:

Unintentionally

Without deliberate planning or intent.

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The presence of thoughts or considerations about self-harm or ending one’s life.

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A relationship characterized by one partner exerting power and control over the other through physical, emotional, psychological, or sexual abuse.