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How Much Would the Production of a Kayak Add to GDP

question 116

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How much would the production of a kayak add to GDP if the shell costs $250,the paint costs $20,the finisher costs $35,the manufacturer sold it to the dealer for $500,and the dealer sold it to his customer for $800?


Definitions:

Future Earnings

The projected income a person or company is expected to generate in the future.

Public Saving

The portion of the government's revenue that remains after accounting for government spending.

Private Saving

The portion of households' income that is not spent on consumption but saved for future use.

Loanable Funds

The sum of money available for borrowing, influenced by savings and investments, within an economy at any given time.

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