If a company produces $30 million worth of pottery, 30 percent of which is sold on the domestic market and 70% which is exported overseas, then GDP...

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Q2. If a company produces $30 million worth of pottery, 30 percent of which is sold on the domestic market and 70% which is exported overseas, then GDPa. Increases by $30 million.b. Increases by $9 million (30% of $30 million)c. decreases by $12 milliond. Does not changee. None of the above.I think this answer is 'a' because 30 percent of pottery is sold and 70 percent is exported. Both of them increase the GDP. Is it right?

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If a company produces $30 million worth of pottery, 30 percent of which is sold on the domestic market and 70% which is exported overseas, then GDP...

  • Written in: 17-Oct-2019
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Oct 17, 2019

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