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How much does alden''s improvements add to gdp year

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Alden has a summer beach cottage that he has owned for many years. The cottage is valued at $80,000. This year, Alden spends $400 on paid and $575 on trees, and then paints the exterior of the cottage and plants the trees himself. If he hired a professional painter, it would have cost $1,150 to paint the cottage (not including the cost of the paint) and if he had hired a professional landscaper, it would have cost $375 (not including the cost of the trees) to do the planting. How much does Alden's improvements add to the GDP this year.

The increase in GDP would be?

Reference no: EM131589342

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