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Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $70,000. The retailer, in turn, brings in $130,000...

Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $70,000. The retailer, in turn, brings in $130,000 from selling the bulbs directly to final customers. What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year?

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These two transactions would add $130,000 to... View the full answer

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$ 130,000 130,000 would be added to the... View the full answer

When computing GDP we include the value of the final... View the full answer

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