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Q.17: Table 6.1 Stages of production 1- Farmer grows wheat, sells it to miller 2- Miller converts wheat to flour , sells it to
Q.17: Table 6.1 Stages of production 1- Farmer grows wheat, sells it to miller 2- Miller converts wheat to flour , sells it to baker 3- Baker bakes bagel, sells it to bagel store 4- Bagel store sells bagel to consumer Value of sales Value added 0.12 ?? ?? 0.16 0.60 ?? 0.75 0.15 1. Find a value added in transaction (1) 2. Find value of sales in transaction (2) 3. Find a value added in transaction (3) 4. Find the GDP
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
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