Question 1
GDP and its Calculation
Stage of Production | Seller | Buyer | Price |
1 | Farmer | Miller | $0.65 |
Refer to the table. Consider the table showing three stages of production of a loaf of bread. The value added by the miller equals ________.
◦ $0.65
◦ $1.10
◦ $1.75
◦ $2.40
Question 2
GDP and its Calculation
Stage of Production | Seller | Buyer | Price |
1 | Farmer | Miller | $0.40 |
Refer to the table. Consider the table showing three stages of production of a loaf of bread. The value added by the bakery equals ________.
◦ $3.50
◦ $1.50
◦ $1.10
◦ $5.00