A Texas oil company extracts petroleum and sells it to a refinery for $1,000 . After processing, the refinery sells the gasoline to a wholesaler for $1,500, who then sells it to a gas station for $1,700 . The gas station sells it to customers for $2,500 . In these transactions, how much has been added to GDP?
a. $1,000
b. $1,500
c. $1,700
d. $2,500
e. $6,700
D
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a. True b. False Indicate whether the statement is true or false
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A. has little or no effect on savings. B. dramatically decreases savings. C. slightly increases savings. D. dramatically increases savings.