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A farmer produces , which is valued at $1.00. The is then sold to a miller, who turns it into , which is valued at
A farmer produces , which is valued at $1.00. The is then sold to a miller, who turns it into , which is valued at $2.00. The miller then sells the to a bakery, which uses it to make bagels, valued at $4.00. Finally, the bakery sells the bagels to a grocery store, where it is sold to a consumer for $8.00. In the table below, show the value added at each stage of production, and the total value added to GDP. Firm Value Added Farmer $ enter your response here Miller $ enter your response here Baker $ enter your response here Grocery Store $ enter your response here Total Value Added to GDP $ enter your response here
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