Scott is a woodworker and charges $150 an hour for his time manufacturing custom-made wood products. For his wife's birthday, he designs and creates an intricate birds-eye maple jewellery box that takes him 20 hours to complete. By how much and in what direction does GDP change as a result of his efforts?
A) GDP rises by $3 000.
B) GDP is not affected by Scott's production of the jewellery box.
C) GDP rises by $150.
D) GDP falls by $3 000.
Correct Answer:
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