The value of a producer's output minus the value of all intermediate goods used in the production of that output is called the producer's
A) net output.
B) accounting profit.
C) value added.
D) profit margin.

Question

Quizplus · Accepted Answer

The value added is the value of a producer's output minus the value of all intermediate goods used in the production of that output. It gives an idea of the contribution of a specific industry to the overall economy.

The Value of a Producer's Output Minus the Value of All