Pete the Pizza Man Produced $87,000 Worth of Pizzas in the Past

question 62

Short Answer

Pete the Pizza Man produced $87,000 worth of pizzas in the past year.He paid $39,000 to employees,paid $11,000 for vegetables and other ingredients,and paid $5000 in taxes.He began the year with ingredient inventories valued at $1000,and ended the year with inventories valued at $2000.What was Pete's (and his employees')total contribution to GDP this year?

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