2. A farmer grows a bushel of wheat and sells it to a miller for $1.00.The miller...
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2. A farmer grows a bushel of wheat and sells it to a miller for $1.00.The miller turns the wheat into flour and then sells the flour to a baker for $3.00.
The baker uses the flour to make bread and sells the bread to an engineer for $6.00.The engineer eats the bread. What is the value added by each person? What is GDP?
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