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A mechanic builds an engine and then sells it to a customized body shop for $7,000....

A mechanic builds an engine and then sells it to a customized body shop for $7,000. The body shop inserts the engine into the car and resells it to a dealer for $20,000. The dealer then sells the finished vehicle for $35,000.

a. When the consumer drives off with the car, GDP increases by $ .

b. What is the value added by the mechanic? (Assume that the value of the materials used to build it is zero.) $

c. What is the value added by the body shop? $

d. What is the value added by the dealer? $

e. The total value added is the amount that GDP increased.

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