a-farmer-sells-wheat-for-100-to-a-miller-who-turns-it-into-flour-and-sells-it-fo

Question

A farmer sells wheat for $100 to a miller, who turns it into flour and sells it for $150 to a baker. The baker makes bread and sells it for $200. What is the total value added to GDP?

Accepted Answer

$200

Answer

$450

Answer

$150

Answer

$100

A farmer sells wheat for \$100 to a miller, who turns it into flour and sells it for \$150 to a baker. The baker makes bread and sells it for \$200. What is the total value added to GDP?