1. In the country of Kwaki, people produce canoes, fish for salmon, and grow corn. In one year, they pro duced 5000 canoes using only labor and natural materials but sold only 4000 as the economy had entered a recession. The cost of producing each canoe was $1000, but the ones that sold were priced at

$1250. They fished $30 million worth of salmon. They used $3 million worth of the salmon as fertilizer for corn. They grew and consumed $55 million worth of corn. What was Kwaki’s GDP for the year?