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. Suppose that a farmer grows wheat, which she sells to a miller for $10. The miller turns the wheat into flour, which she sells to a baker for $55. The baker turns the wheat into bread, which she sells to consumers for $140. Consumers eat the bread. What is GDP in this economy

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Based on the various amounts that the bread was sold for to different people, the GDP in the country is $140

The GDP in a country refers to the final value of goods and services produced in the country and not the intermediate value.

This is done to avoid the phenomenon known as double counting which can inflate GDP.

The GDP here is therefore the final price of the bread which is $140.

Find out more about double counting at https://brainly.com/question/1112587.

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