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A farmer grows wheat, which she sells to a miller for $90. The miller turns the wheat into flour, which she sells to a baker for $145. The baker turns the wheat into bread, which she sells to consumers for $155. Consumers eat the bread. Assume that the above transactions account for all economic activity in an economy.

Respuesta :

W0lf93
Selling price of wheat by miller= $90 
Selling price of flour by miller= $145 
Selling price of bread by baker = $155 
In this economy the GDP is $155 because it is the final price he got for the wheat.  
So the miller initially had $90 and sold the flour for $145, so he gets an additional 145 - 90 that is $55 gain 
Now the baker have $145 and makes the bread and sell it for $155, so he 155 - 145 that is $10 extra.  
Adding up all these profit amount 90 + 55 + 10 again making it 155 which is GDP.
lhmarianateixeira

In this exercise we have to use the knowledge of finance to calculate the total value of the economy, in this way:

[tex]\$155[/tex]

We have as information from this exercise that the values ​​will be given by:

  • Selling price of wheat by miller= $90
  • Selling price of flour by miller= $145
  • Selling price of bread by baker = $155

Now doing the calculations of this economy we will find that:

[tex]145 - 90 = 55 \\155 - 145 =10 \\ 90 + 55 + 10 =155[/tex]

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