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

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Definitions:

Headright System

A land grant policy that provided settlers a certain amount of land for each indentured servant they transported to America, primarily used in the colonial period.

Colony Development

The process of establishing and expanding colonies, often by a foreign power, leading to exploration, settlement, and economic exploitation of the colonized area.

Physical Punishment

A form of discipline that involves causing physical pain to a person, often used as a method to correct misbehavior.