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farmer grows a bushel of wheat & sells it to a miller for Rs. 1.00.

The miller turns the wheat into flour & then sells the flour to a baker for RS. 3.00. The baker uses the flour to produce bread & sells the bread to households for RS. 6.00. The households eat the bread.

What is the value added in every stages of production?

What is GDP?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9591213

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