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i. Suppose that an economy produces 10 bags of wheat. For simplicity, suppose that no intermediate goods were used to produce wheat. The value of
i. Suppose that an economy produces 10 bags of wheat. For simplicity, suppose that no intermediate goods were used to produce wheat. The value of a bag is 25. Of these, 8 bags are converted into flour, which has a total final value of 400. Please calculate the value of the intermediate goods and final goods. What is the value of GDP in this economy
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