Question

Michigan Cranberry Company sold 10 million worth of cranberries it produced. in producing cranberries, it purchased...

Michigan Cranberry Company sold 10 million worth of cranberries it produced. in producing cranberries, it purchased 1 million dollars worth of supplies from foreign countries and paid workers who reside in Canada but commute to the U.S. 1 million. How much did these transactions add to the U.S GDP?

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$10 million

GDP is the market value of final goods and services produced by a country during a specific period of time . Producing cranberries by Michigan Cranberry Company added $10 million to the U.S GDP.

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