Gelato Ice Cream Maker Shows the Following on Its Balance

question 92

Multiple Choice

Gelato ice cream maker shows the following on its balance sheet: revenue $200M,wages $100M,milk expenses $50M,strawberry purchases $5M,and taxes $25M. What is Gelato's contribution to GDP using the income approach?

• A) $100M
• B) $125M
• C) $145M
• D) $200M

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Definitions:

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Physical documents certifying ownership of a specific number of shares or stock in a corporation.

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An organization established by a state government to carry out specific functions, such as regulating industries or providing services.

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