The production of a kilogram of smoked salmon requires a sher to catch salmon worth $1.40, which is prepared by a food processor and sold to a retailer for $2.20, who then sells it to a consumer for $2.75.

a)(3 marks) What is the value added by thefisher? the food processor? the retailer?

b)(1 marks) What is total value added in all three stages of production?

c)(2 marks) If final and intermediate products were double counted in GDP, what would be the total value of the salmon incorporated in GDP?