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primewire primewire
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A year ago
GDP and its Calculation


Stage of ProductionSellerBuyerPrice
                  1FarmerMiller$0.65
                  2MillerBakery1.75
                  3BakeryConsumer4.50
Refer to the table. Consider the table showing three stages of production of a loaf of bread. The value added by the miller equals ________.

▸ $0.65

▸ $1.10

▸ $1.75

▸ $2.40
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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shanelljac204shanelljac204
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A year ago
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