Scott Is a Woodworker and Charges $125 an Hour for His

question 103

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 birdseye maple jewellery box that takes him 15 hours to complete.How is GDP affected by Scott's efforts?

• A)GDP rises by $1,875.
• B)GDP is not affected by Scott's production of the jewellery box.
• C)GDP rises by $125.
• D)GDP falls by $1,875.
• E)GDP rises by $1,875 less the cost of the materials Scott uses.

---

Definitions:

Gyre

Gyre describes a large system of circulating ocean currents, often driven by global wind patterns, significantly impacting climate and ecosystem biodiversity.

Atlantic

Relating to the Atlantic Ocean, the second-largest of the world's oceanic divisions.

Bacterial Decomposition

The process by which bacteria break down organic material, such as dead organisms or waste, into simpler substances.

Organic Nitrogen

Nitrogen that is incorporated into organic compounds, a vital element for life processes within organisms.