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The table below records the intermediate steps that go into producing a cell phone and the value added at each step. For example, company A
The table below records the intermediate steps that go into producing a cell phone and the value added at each step. For example, company A produces the outer case and keyboard, and sells it to company B for $7.00, who installs the internal hardware, adding $14.00 in value. Company A B C D Apple Store Intermediate steps to produce a cell phone Steps Assemble outer case and keyboard Part 2 (1 point) Prepare internal hardware Install operating system Connect to network Transact retail sale The price of the unfinished cell phone that company C sells to company D is $ If 2 million cell phones were produced in 2020, cell phone production would contribute $ Value added at each step $7.00 $14.00 $21.00 $70.00 $175.00 million to GDP. See Hint
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