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If an automobile manufacturer pays $300 for a car windshield, $480 for four car tires, $150 for a car radio, and sells cars made with these parts for $24,000, then each car the automobile manufacturer sells contributes how much to GDP?

A. 23,070
B. 23,520
C. 24,000
D. 24,930

Answer :

Automobile manufacturer sales contribute to GDP $24,000.

What is the gross domestic product?

Gross domestic product (GDP) is a monetary indicator of the total market value of all the final commodities and services that nations generate and sell over a given time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.

Here, we have

Given: If an automobile manufacturer pays $300 for a car windshield, $480 for four car tires, $150 for a car radio, and sells cars made with these parts for $24,000.

As we know, GDP only includes the final value of the goods and services sold in the market and it does not include the values at different stages of production.

so, contributes $24,000 to the GDP.

Hence, automobile manufacturer sales contribute to GDP $24,000.

To learn more about the gross domestic product from the given link

https://brainly.com/question/20393790

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