Suppose a Particular Model of Smartphone Contains $150 Worth of Raw

Multiple Choice

Suppose a particular model of smartphone contains $150 worth of raw materials and requires $175 worth of labor to produce.One day,one of these phones sells for $400.The seller would have been willing to sell it for as little as $375,whereas the buyer would have been willing to pay as much as $425.Which dollar amount would be used to calculate this transaction's contribution to gross domestic product (GDP) ?

A) $150
B) $175
C) $375
D) $400
E) $425