A shoe retailer purchases a pair of shoes wholesale for $20 and sells the shoes for...
A shoe retailer purchases a pair of shoes wholesale
for $20 and sells the shoes for $25. How much has the shoe retailer
contributed to GDP under the 'value-added' approach?
Select the correct answer below:
$25
$20
$5
$0
Homework Answers
Answer is 5
Since retailer has added 5$ to the final product, as he bought the good at 20$ in whole sale market
Add Answer to:
A shoe retailer purchases a pair of shoes wholesale
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answer both please.
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