Problem
A mechanic builds an engine and then sells it to a custom body shop for $7,000. The body shop installs the engine in a car and sells the car to a dealer for $20,000. The dealer then sells the finished vehicle for $35,000. A consumer drives off with the car. By how much does GDP increase? What is the value added at each step of the production process?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.