The baker uses the flour to make bread amp sells the bread, Ask an Expert

Economics

A 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 make bread & sells the bread to households for RS. 6.00. The households eat the bread. What is the value added in each stages of production?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9459422

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