Arthur sells $100 worth of cotton to bob. bob turns the cotton into cloth, which he sells to camille for $300. camille uses the cloth to make prom dresses that she sells to donita for $700. donita sells the dresses for $1,200 to kids attending the prom. the total contribution to gdp of this series of transactions is

When using the expenditure approach to calculate GDP we only use the price of the final good so in this case the total contribution to GDP will be $1200

Using the income approach we calculate the profit made by each party so Arthur made $100, Bob made $200(300-100), Camille make $400(700-300) and Donita made $500(1200-700)= 100+200+400+500 = $1200

Explanation:

oof

explanation:

f

answer; limited pay life;