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The table below provides information about the cost of inputs and value of output for the production of a road bike. Note there are four
The table below provides information about the cost of inputs and value of output for the production of a road bike. Note there are four different stages of production. Raw materials Manufacturing Construction Sale by the retailerRubber for one tire $ Tire maker sells tires for $ each Bike mechanic puts everything together and sells the bike for $ Retailer sells the bike for $Aluminum for the frame $ Other component materials $ Frame maker sells bike frame and components for a total of $ Instructions: Enter your answers as a whole number. a What value is added by the supplier of the raw materials? $ b What value is added by the tire maker? $ c What value is added by the maker of the frame and components? $ d What value is added by the bike mechanic? $ e What value is added by the bike store? $ f What is the total contribution of the bike to GDP $Question of Total of McGraw Hill
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