Question

3. An artist buys scrap metal from local steel mill as a raw material for her metal sculptures.Last year, she bought $5,000 worth of the scrap metal. During the year,

she produced 10metal sculptures that she sold for $800 each to the local art store. The local art store sold For the 10 metal sculptures, what was the total value added of the artist, and what was the total value added of the local art store? What was the total effect of the sculptures on RGDP?

Fig: 1

Fig: 2

Fig: 3