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Other Fields Homework Help Economics Topic started by: Tidy on Jun 21, 2015



Title: Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products.
Post by: Tidy on Jun 21, 2015
Scott 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 birdseye maple jewelry box that takes him 15 hours to complete. By how much and in what direction does GDP change as a result of his efforts?
A) GDP rises by $1,875.
B) GDP is not affected by Scott's production of the jewelry box.
C) GDP rises by $125.
D) GDP falls by $1,875.


Title: Re: Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood produ
Post by: Chimelo46 on Jul 17, 2015
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Title: Re: Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products.
Post by: Chimelo46 on Aug 31, 2015
Happy to assist!


Title: Re: Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood ...
Post by: Doopy Doops on Oct 12, 2020
Thanks so much!