Student Exchange Programs

The American Paper Company produces $1 million worth of paper and sells it to the College Book Corporation. The College Book Corporation prints 100,000 copies of an economics textbook for which it paid an economics professor $500,000 to write. The College Book Corporation sold the textbooks to college bookstores nationwide for $3 million. The college bookstores received $4 million from students in exchange for the books.

3.1. What is the total contribution to GDP from the above events?

A. $5.5 million

B. $4 million

C. $8.5 million

D. $3 million