A Farmer Sells Five Pounds of Pecans to a Smith's

question 19

Multiple Choice

A farmer sells five pounds of pecans to a Smith's Fresh Pecans for $10.Smith's Fresh Pecans resells three pounds for $4.50 per pound.The remaining pecans are shelled and canned and sold for a total of $8.00 Taking these transactions into account,how much is added to GDP?

• A)$22.50
• B)$29.50
• C)$21.50
• D)$31.50

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Definitions:

Structuration

A concept in social science that explains how social structures are produced and reproduced through the actions and interactions of individuals.

Reflexivity

The ability of an individual or system to reflect upon and adjust itself based on awareness of itself and its context.

Modern Institutions

Institutions that have emerged or evolved significantly in modern societies, including bureaucracy, the nation-state, capitalism, and scientific establishments.

Postmodernist

A philosophical perspective that critiques modernism, emphasizing the role of ideology, power, and culture in shaping human experience and knowledge.