A farmer sells wheat to a baker for $2. The baker uses the wheat to make bread,

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A farmer sells wheat to a baker for $2. The baker uses the wheat to make bread, which is sold for $3. What is the total contribution of these transactions to GDP?

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Essentials of Economics

ISBN: 978-1337091992

8th edition

Authors: N. Gregory Mankiw

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Question Posted: May 25, 2018 03:48 AM

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A farmer sells wheat to a baker for $2. The baker uses the wheat to make bread,

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Essentials of Economics

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