Stan

Stan has a summer beach cottage that he has owned for many years. The cottage is valued at $ 125 comma 000

$125,000. Thisyear, Stan

Stan spends $350

350 on paint and $575

575 ontrees, and then paints the exterior of the cottage and plants the trees himself. If he had hired a professionalpainter, it would have cost $1 comma 000

1,000 to paint the cottage(not including the cost ofpaint), and if he had hired a professionallandscaper, it would have cost $375

375 (not including the cost of thetrees) to do the planting.

How much does Stan

Stan's improvements to the cottage add to GDP thisyear?

The increase in GDP would be $

925

925.

If Stan

Stan had hired the painter and thelandscaper, how would Stan

Stan's improvements to the cottage have added to GDP thisyear?

The increase in GDP would be