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Business, 31.05.2020 05:01 trillralyn4060

During a given year, the following activities occur: 1. A silver mining company pays its workers $200,000 to mine 75 pounds of silver. The silver is then sold to a jewelry manufacturer for $300,000. 2. The jewelry manufacturer pays its workers $250,000 to make silver necklaces, which the manufacturer sells directly to consumers for $1,000,000. a. Using the production-of-final-goods approach, what is GDP in this economy

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