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2. MNLogs harvests logs from it's property in Northern Minnesota. It sold these logs to MNLumber for $1500 in December 2021. MNLumber cut and planed
2. MNLogs harvests logs from it's property in Northern Minnesota. It sold these logs to MNLumber for $1500 in December 2021. MNLumber cut and planed the logs into lumber, then sold the lumber for $4,000 to MNFurniture in April 2022. MNFurniture used the lumber to produce 100 tables that is sold to customers for $70 each in June 2022 a. What is the total contribution to GDP from all three companies? b. Use the Value Added Method to calculate each firm's contribution to GDP. c. What was the total contribution to GDP in 2021 and 2022 because of these transactions
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