Value added is calculated by:
A) subtracting the cost of materials used in production from the value of sales.
B) adding the cost of materials used in production to the value of sales.
C) subtracting the value of sales from the cost of materials used in production.
D) adding the value of output to the value of inputs.
Correct Answer:
Verified
Q51: Great Basin National Park, the only national
Q52: Government purchases that are counted as part
Q53: The value of intermediate goods is:
A)included in
Q54: Which of the following is an example
Q55: The reason economists include only the value
Q57: Double counting in the national income accounts
Q58: Suppose the value of your home increases
Q59: Double counting in the national income accounts
Q60: Government expenditures for Social Security and unemployment
Q61: While net domestic product (NDP)is theoretically a
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