Atire manufacturer produces 400 tires valued at $20 each. three hundred tires are sold to a tire shop, which then sells them to households for $50 each. the remaining tires are unsold and are added to the tire manufacturer’s inventory. how much is added to gdp?

The amount added to the GDP is $17000.

Explanation:

The value added to the GDP = number of tires sold×selling price of 1 tire + number of tires unsold ×cost price of 1 tire

                                                = 300 ×$50 + 100×$20

                                                = $15000 + $2000

                                                = $17000

Therefore, the amount added to the GDP is $17000.

answer; coefficient of correlation;