Х The circular flow model and GDP
Burgin, Burgin, and Burgin, LLC began 2016 with $100 million in capital. In 2016, the company spent $30 million
on inventory, $40 million on new capital, and experienced 10% depreciation of the capital it had at the
beginning of 2016.
220
**Based on this information, what is the this company's contribution to gross domestic product (GDP) in 2016,
and in what category is that contribution counted?
Choose 1
$30 million is counted in investment, and $30 million is counted in consumption.
As
$70 million is counted in consumption.
TATUS
17
BRC
$40 million is counted in investment.
As
$60 million is counted in consumption.
$70 million is counted in investment.
Co
SA