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Sweet Life Sugar Co. sells sugar to The Creamery Ice Cream Co. for $25,000. The Creamery Ice Cream Co. uses the sugar to make pints of ice cream, selling them to consumers for a total of $100,000. These transactions contribute ________ to gross domestic product (GDP).

Sagot :

abiolataiwo2015

These transactions contribute $75,000 to gross domestic product (GDP).

Gross domestic product (GDP)

Using this formula

Gross domestic product (GDP)=Selling price-Price of sugar

Where:

Selling price=$100,000

Price of sugar=$25,000

Let plug in the formula

Gross domestic product (GDP)=$100,000-$25,000

Gross domestic product (GDP)=$75,000

Inconclusion these transactions contribute $75,000 to gross domestic product (GDP).

Learn more about GDP here:https://brainly.com/question/1383956

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