33.A farm in Louisiana grows sugar cane and sells it to a sugar refinery for $50. After processing, the sugar refinery sells the sugar to a wholesaler for $80, who then sells it to a restaurant for $90. The restaurant puts the sugar into their pies and sells them to their customers for $105 (total of their pies, not just one). In these transactions, how much has been added to GDP?
Use the table below to answer the following questionsFactor income from the rest of the world$1,000Factor payments to the rest of the world$2,000Depreciation$200Welfare benefits$10Retained earnings$30Personal Income$10,00034.According to the figures in the table, National Income is equal to
35.Suppose National Income is $15,000, according to the figures in the table, Gross Domestic Product is
36.What is the largest component of the federal budget?a.Discretionary spendingb.Entitlements and mandatory spendingc.Net interestd.Defense spendinge.Unemployment benefits