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Question: suppose that furniture production encompasses the following stages stage 1...

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Suppose that furniture production encompasses the following stages Stage 1: Trees are sold to lumber company Stage 2: Lumber is sold to furniture company. Stage 3: Furniture company sells furniture to retail store. Stage 4: Furniture store sells furniture to consumer Instructions: Enter your responses rounded to the nearest whole number a. What is the value added at each stage? $1,800 $4,000 $8,200 $12,500 Stage 1: $□ ] Stage 2: $L Stage 3: $ Stage 4 $ b How much does this output contribute to GDP? s I ot 9ΞΕΕ Scote.arswe SAMSUNG
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