Ross has a summer beach cottage that he has owned for many years. The cottage is valued at $100,000 .
Ross ;has a summer beach cottage that he has owned for many years. The cottage is valued at ;$100,000. This ;year, ;Ross ;spends $250 ;on paint and $600 ;on ;trees, and then paints the exterior of the cottage and plants the trees himself. If he had hired a professional ;painter, it would have cost $1,150 ;to paint the cottage ;(not including the cost of ;paint), and if he had hired a professional ;landscaper, it would have cost $450 ;(not including the cost of the ;trees) to do the planting.
How much does ;Ross’s ;improvements to the cottage add to GDP this ;year?
The increase in GDP would be $__________
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