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The following activties occour in 2018 for a small economy with two firms and households Miller pays its workers 5,000 to produce flour the flour
The following activties occour in 2018 for a small economy with two firms and households Miller pays its workers 5,000 to produce flour the flour is then sold to a baker firm and household the baker firm and household the baker firm pays its workers 8,500 to make bread using production approach final goods what is gdp in this economy what if using the production approach value added what if using the income approach
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