The value added approach in measuring GDP is the value of a firm's output minus
A) The expenditures on personal consumption
B) The change of inventories
C) The value of inputs used to make those sales
D) The value of foreign investment
Correct Answer:
Verified
Q13: This provides a measure of all the
Q14: This approach in measuring GDP uses incomes
Q15: Jacob decides to sell a used car.He
Q16: This approach in measuring GDP uses total
Q17: Each of the following is counted in
Q19: You own a business.You purchase $6,500 in
Q20: Which of the following is correct?
A)GDP =
Q21: Which of the following would represent a
Q22: Which of the following is not a
Q23: Explain why the shape of the aggregate
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