Ask a New Question

Here is Mrs. Baker's revenue and expenses for 2014:

Revenue from sale of bread = $65,000

Cost of materials (such as sugar, yeast, baking soda, etc.) = $15,000

Wages paid = $20,000

Rent paid = $10,000

Mrs. Baker's contribution to the 2014 GDP was what?

I'm confused because I'm not sure if the intermediate good would count in Mrs. Baker's contribution per say. I'm guessing it's either 50,000 or 65,000, but I'm not sure which.

Ask a New Question or answer this question.

Similar Questions

A clothing company uses the expressions that follow to estimate revenue and expenses based on the production of x lots of
1. 0 answers
A loss is when:Question 8 options: Revenue is greater than expenses Revenue is less than expenses Revenue is equal to expenses
1. 1 answer
Sales 370 000Discount revenue 2 000 Commissions revenue 5 000 Interest revenue 4 000 Rent revenue 2 500 Purchases 308 500
1. 1 answer
the spreadsheet shows the monthly revenue and expenses for a new business.use the models to predictt the month in which revenue
1. 9 answers

more similar questions