To compute value added in an industry,we must
A) add indirect taxes.
B) subtract the cost of intermediate goods from the value of sales.
C) add the cost of intermediate goods to the value of output.
D) divide by the rate of inflation.
E) add depreciation.
Correct Answer:
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Q17: U.S.gross domestic product measured in current dollars
Q18: Gross domestic product is
A) a measure of
Q19: Transfer payments are payments
A) by individuals of
Q20: In an economy as complex as ours,the
Q21: The total of the value added by
Q23: A measure of the extent of production
Q24: The value added by an industry is
Q25: If the estimated current dollar output is
Q26: Converting values expressed in current dollars to
Q27: The dollar value of business sales minus
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