Answered

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Over the past several decades, Costa Rica has established itself as a global leader in eco‑tourism, promoting its misty cloud forests, black sand beaches, and rich diversity of animals and plant life, among other features.

Suppose an eco-lodge spends $10,000 on solar panels made in Costa Rica.

a. The purchase of the solar panels will increase the value of GDP in Costa Rica by $
.
Now suppose a neighboring lodge spends $10,000 on coal burning stoves made in Costa Rica.
b. The purchase of the stoves will increase the value of GDP in Costa Rica by $

Sagot :

Parrain

As a result of the spending in Costa Rica, the following are true:

  • Eco-lodge spending will increase GDP by $10,000.
  • Purchase of stove will increase GDP by $10,000.

Why would the GDP change in Costa Rica?

The Gross Domestic Product refers to the total value of final goods and services in a country within a year.

If Eco-lodge buys solar panels made in Costa Rica, those panels will contribute to Costa Rica's GDP by increasing it by their price of $10,000.

The same would happen when the neighboring lodge spends $10,000 to buy stoves from Costa Rica because those stoves would also count towards GDP.

Find out more on GDP at https://brainly.com/question/1152672.

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