Question
The following table gives the per loaf sales values at each stage of bread production: Stage of Production $ Value of Sales Stage 1: Seed,
The following table gives the per loaf sales values at each stage of bread production:
| Stage of Production | $ Value of Sales |
| Stage 1: Seed, fertilizer | $0.08 |
| Stage 2: Growing | $0.18 |
| Stage 3: Milling | $0.30 |
| Stage 4: Baking | $0.50 |
| Stage 5: Retail price | $0.89 |
What is the addition to GDP from the production and sale of one loaf of bread?
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International Macroeconomics
Authors: Robert C. Feenstra, Alan M. Taylor
Fourth Edition
1319061729, 978-1319061722
