(Answered) Suppose nucor steel sells 2000 worth of steel to ford other

Management Studies

Suppose Nucor Steel sells $2,000 worth of steel to Ford, other producers sell $5,000 worth of other inputs to Ford; Ford then uses the steel and other inputs to make a Taurus which it sells to the car dealership for $15,000. The car dealership sells the car to a school teacher for $18,000. What is the total contribution to GDP made by this entire series of transactions?

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Business Management, Management Studies

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