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ollowing table illustrates the value added approach to calculating GDP Please complete the table Value...

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ollowing table illustrates the value added approach to calculating GDP Please complete the table Value of Product Value Added By The cotton farmer The textile mill The shirt company Firm Cotton farmer Textile mill Shirt company L L Bean Raw Cotton 2 Cotton woven into cotton fabric 4 Fabric made into a shirt 16 Shirt sold on L L Bean s CUS 51 M C website 36 L L Bean SEVE EI 1 Total Value Added Value Added Equals 2 2 12

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