Jodie's Bakery generates a yearly revenue of $6000.Throughout the year Jodie spends $1500 on flour,$1000 on fruit,$500 on sugar & spices,$1500 on butter,and employs an assistant whom she pays $1000.Calculate the value of the annual output produced by Jodie's Bakery using the value added method.
A) $1000
B) $1500
C) $4500
D) $5000
E) $6000
Correct Answer:
Verified
Q5: Consider the circular flow of expenditure and
Q6: Suppose a Canadian firm imports $5000 worth
Q7: In Canada,the measurement of national income and
Q8: The "value added" for an individual firm
Q9: Consider the circular flow of expenditure and
Q11: Which of the following statements about national-income
Q12: In national-income accounting,the value of intermediate products
A)should
Q13: When adding up the value of all
Q14: Consider the circular flow of income and
Q15: In national-income accounting,"double counting"
A)occurs when the value
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents