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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. 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? $ 1. What is the total contribution of the bike to GDP?\$
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