Total value added in an economy is equal to the value of
A) all final goods produced.
B) all final and intermediate goods produced.
C) all inputs and outputs in the economy.
D) all profits of all firms in the economy.
E) the sum of the value of primary,intermediate and final goods.
Correct Answer:
Verified
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
Q16: Suppose national accounting was done by adding
Q17: In Shoetown,a rancher takes $0 worth of
Q19: In Lumberville,the lumberjack cuts trees and sells
Q20: Consider the circular flow of income and
Q21: Which of the following statements regarding housing
Q22: Which of the following would be included
Q23: In national-income accounting,"depreciation" refers to
A)a term used
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