Multiple Choice
Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products.For his wife's birthday,he designs and creates an intricate birds-eye maple jewellery box that takes him 15 hours to complete.By how much and in what direction does GDP change as a result of his efforts?
A) GDP rises by $1875.
B) GDP is not affected by Scott's production of the jewellery box.
C) GDP rises by $125.
D) GDP falls by $1875.
Correct Answer:
Verified
Correct Answer:
Verified
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