The "value added" for an individual firm can be calculated by
A) adding the cost of the intermediate goods used by the firm.
B) subtracting the payments made to the factors of production used by the firm from the firm's revenue.
C) calculating the revenue generated by the firm.
D) calculating the profit generated by the firm.
E) adding up the payments made to the factors of production used by the firm.
Correct Answer:
Verified
Q3: Consider the circular flow of expenditure and
Q4: In Shoetown,a rancher takes $0 worth of
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
Q9: Consider the circular flow of expenditure and
Q10: Jodie's Bakery generates a yearly revenue of
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
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