Multiple Choice
Value added can be determined by
A) subtracting the cost of the intermediate goods from the price of the product at each stage of production.
B) adding the income of all consumers during the year.
C) summing the market values of all intermediate goods.
D) calculating the percentage change in GDP from one year to the next.
E) dividing GDP by the GDP price deflator.
Correct Answer:
Verified
Related Questions
Q80: Which of the following statements is true?
A)Investment
Q81: To measure GDP using the production approach,
Q82: A soft-drink bottling company supplies six-packs of