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Q: The table below describes all economic activity in an economy that consists of a Baker, a Cheese seller, and a Pizzeria. The Baker sells

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Q: The table below describes all economic activity in an economy that consists of a Baker, a Cheese seller, and a Pizzeria. The Baker sells all of his output to the Pizzeria. The Cheese seller sells some of his output to the Baker, some of his output to the Pizzeria, and some of his output to the public as a final good. The Pizzeria sells all of its output to the public as a final good. Cheese Seller Pizzeria cost of input 0 o 140 __ Using the information in the table, and showing all working: i. Calculate GDP as spending on final goods and services. ii. Calculate GDP as value added in production. iii. Calculate GDP as factor income. iv. Calculate GDP if the Cheese seller purchases $10 of inputs from a firm that sells all of its output to the Cheese seller? All other information is as given in the table

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