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Schneiders Bicycles produced $860,000 worth of custom-made of custom-made bicycles last year and paid $45,000 in taxes. Schneider used $315,000 in parts to assemble the

Schneider’s Bicycles produced $860,000 worth of custom-made of custom-made bicycles last year and paid $45,000 in taxes. Schneider used $315,000 in parts to assemble the bicycles and paid his employees a total of $150,000. At the beginning of last year, he started with $2,000 worth of inventory and ended the year with $5,000 worth of inventory. What was Schneider’s Bicycles contribution to the GDP last year?

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