Suppose Blu-Ray players cost consumers $300 and Blu-Ray disks cost consumers $30.What contribution does the production of 250 Blu-Ray players and 3,000 Blu-Ray disks make to the GDP?

Question

Quizplus · Accepted Answer

The contribution to GDP can be calculated by adding the total value of final goods and services produced. In this case, the production of 250 Blu-Ray players would contribute $75,000 to the GDP ($300 x 250), and the production of 3,000 Blu-Ray disks would contribute $90,000 to the GDP ($30 x 3,000). Therefore, the total contribution to the GDP would be $165,000 ($75,000 + $90,000).

Suppose Blu-Ray Players Cost Consumers $300 and Blu-Ray Disks Cost