Amy has a card shop. she receives a shipment of valentine's day cards in december 2011 made by a card manufacture in that month. amy pays the wholesale distributor of the cards a total of $500. in february 2012, she sold all the cards for a total of $800. what are the contributions of these transactions to gdp in 2011 and 2012?

The contributions of these transactions is a reduction to GDP by $500 in 2011 and an increase in GDP by $800 in 2012.

Explanation:

GDP is the abbreviation for gross domestic product which is the monetary value of all finished products (goods and services) made within a country during a specific period (usually a year). In the determination of a country's GDP, imports are subtracted while exports or sales are added.

Therefore considering that Amy received a shipment of Valentine's Day cards in December 2011 paying a total of $500 and sold all the cards for a total of $800 in February 2012, the contributions of these transactions is a reduction to GDP by $500 in 2011 and an increase in GDP by $800 in 2012.

statement of owner"s equity;

answer; the correct answer is (0.08);