Question: Afarrner produces corn, which is valued at $0.75. The corn is then sold to a miller, who turns it into cornmeal, which is valued at

Afarrner produces corn, which is valued at $0.75. The corn is then sold to a miller, who turns it into cornmeal, which is valued at $1.50. The miller then sells the cornmeal to a bakery, which uses it to make cornbread, valued at $3.00. Finally, the bakery sells the cornbread to a grocery store, where it is sold to a consumer for $6.00. In the table below, show the value added at each stage of production, and the total value added to GDP. Firm Value Added Farmer 3 Miller $ Baker $ Grocery Store 5 Total Value Added to GDP 3

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