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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 ($20) Tire maker sells tires for $30 each Bike mechanic puts everything together and sells the bike for $345 Retailer sells the bike for $500Aluminum for the frame ($80) Other component materials ($70) Frame maker sells bike frame and components for a total of $225 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 2 of 4 Total 2 of 4McGraw Hill

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