Improvements to the cottage add to gdp

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Ross has a summer beach cottage that he has owned for many years. The cottage is valued at $100,000. This? year, Ross spends ?$250 on paint and ?$600 on? trees, and then paints the exterior of the cottage and plants the trees himself. If he had hired a professional? painter, it would have cost ?$1,150 to paint the cottage? (not including the cost of? paint), and if he had hired a professional? landscaper, it would have cost ?$450 ?(not including the cost of the? trees) to do the planting.

How much does Ross's improvements to the cottage add to GDP this? year?

The increase in GDP would be $__________

Reference no: EM131819379

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