I'I 1 1 3 Currently production of cannabis (a plant used to produce marijuana) is legal in California even though it is illegal at the federal level. Even then, some cannabis is produced illegally in California to escape high taxes and complex regulations. It is esh'mated that in 2021 about $5 billion worth of cannabis was produced legally in California. It is also thought that the amount of illegal production far exceeds this amount. In your opinion, what was the effect of California's cannabis produc'don on the 2021 US GDP reported by the government? 0 $5 billion, since it was produced legally in California. 0 Much more than $5 billion, since we should also consider the effect of illegal produchon on GDP because both legal and illegal production affect employment and income. 0 We cannot determine the exact amount since we don't know the extent of illegal production in California. 0 The contribution to the reported US GDP was zero since production of cannabis was illegal at the Federal level, even though it was legal in California. I'I 2 2 Q In February 2022 Bradsons buy a gorgeous house in LA for $900,000. However, the company Michael Bradson works for reassigns him to the New York ofce in April 2022. So, the Bradsons sell the house in April 2022 for $1,000,000 making a capital gain of $100,000. The real estate agent receives her fee, which is 6.5% of the sale price. As as a result of all these events, the US GDP in 2022 increases by dollars. Use our rounding rules: Two decimal places, no comma separators