P Take a Test Carla Hepburn Google Chrome https:// 136670024&centerwin; yes Carl

Question

P Take a Test Carla Hepburn Google Chrome https:// 136670024&centerwin; yes Carla Hepburn & 7/5/16 5:09 PM ECO 2013 Summer B2016 TR 8am Quiz QUIZ 2 GDP and Unemployment Time Remaining: 01:07:36 Submit Quiz This Question 1 pt This Quiz: 20 pts possible 11 of 20 (7 complete A farmer produces wheat, which is valued at $0.50. The wheat is then sold to a miller, who turns it into flour, which is valued at $1.00. The miller then sells the flour to a bakery, which uses it to make bread, valued at $2.00. Finally, the bakery sells the bread to a grocery store where it is sold to a consumer for $4.00. In the table below, show the value added at each stage of production, and the total value added to GDP. Value Added Firm Farmer Miller Baker Grocery Store Total Value Added to GDP Enter your answer in each of the answer boxes.

Explanation / Answer

Farmer=0.50-0=.050

Miller=1-0.50=0.50

Baker=2-1=1

Grocery Store=4-2=2

Total=$4

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.