Maria normally earns $48,000 a year, in 12 installments of $4,000 each. From 2008 onwards, she has decided to work only nine months of the year. She also decided to go on a holiday and purchases a domestic airline ticket for $300. What is Maria's contribution to national GDP for the year 2008?

Question

Quizplus · Accepted Answer

Maria's contribution to national GDP for the year 2008 is $36,300. This is because she worked for only nine months of the year, so she earned only $36,000 (9 x $4,000). She also spent $300 on a domestic airline ticket, which is included in her contribution to GDP.

Maria Normally Earns $48,000 a Year, in 12 Installments of $4,000