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Muchuu is a wheat farmer who sells a bushel of wheat to millers for K10.00. The miller turns the wheat into flour and then sells
Muchuu is a wheat farmer who sells a bushel of wheat to millers for K10.00. The miller turns the wheat into flour and then sells the flour to a baker for K30.00. The baker uses the flour to make bread and sells the bread to a student at K60.00. The student eats the bread. What is the value added by each person? Calculate GDP. Discuss the three methods of measuring National Income.
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