How Much Does the Production of a Kayak Add to GDP

question 9

Multiple Choice

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

• A) $1,605
• B) $1,300
• C) $500
• D) $305
• E) $800

---

Definitions:

Seat Belts

Protective machinery in vehicles aimed at safeguarding occupants from harmful displacement arising from accidents or unexpected deceleration.

Job Satisfaction

A measure of how content an individual is with their job, which can influence their work performance and overall well-being.

Z-Test

A statistical method for assessing if there is a significant difference between the means of two populations when variances are known and the sample sizes are large.

Chi-Squared Test

A statistical method employed to assess if the observed frequencies significantly differ from the expected frequencies across one or more categories.