Suppose you spend half the summer building a garage in your back yard.You purchase tools that cost $350 and wood that cost $4,000.A contractor would charge $25 per hour for the 40 hours of work necessary to build the garage.After you build the garage,your mother gives you a present of $500 in stocks.How much will GDP rise as a result of these activities?
A) $5,350
B) $5,850
C) $4,350
D) $4,850
Correct Answer:
Verified
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