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andriy [413]
3 years ago
8

Pete 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 maple jewelry box that takes him 20 hours to complete. By how much and in what direction does GDP change as a result of his efforts? Group of answer choices GDP rises by $1,875. GDP falls by $1,875. GDP is not affected by Pete's production of the jewelry box. GDP rises by $125.
Business
1 answer:
andreev551 [17]3 years ago
6 0

Answer:

GDP is not affected by Pete's production of the jewelry box.

Explanation:

Pete is a woodworker and works 20 hours to prepare a jewelry box to gift his wife. If Pete prepares this jewelry box to sell and earn revenue, this will be considered in GDP but in this case Pete prepares a jewelry box to give his wife as his wife's birthday gift.

All types of gifts received or given in kind are not included in Gross Domestic Production.

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The number of businesses owned by hispanics and asians has:
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When a tax is levied on the buyers of a good, the A. buyers of the good will send tax payments to the government. B. supply curv
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8 0
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Additional Information: Net income for 2020 was $26,890. Land was sold for cash at a loss of $2,000. Cash dividends were paid du
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Answer:

The question is wrong ,find attached correct question:

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Explanation:

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3 years ago
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