The amount by which the value of a firm's output exceeds the value of the goods and services the firm purchases from other firms is called
A) profit.
B) value added.
C) markup rate.
D) marginal cost.
Correct Answer:
Verified
Q52: The largest expenditure category in GDP is
A)government
Q53: The total volume of business sales in
Q54: Which of the following would not be
Q55: Which of the following would not be
Q55: Goods and services produced in the domestic
Q57: Goods and services produced abroad and sold
Q58: Which of the following items would be
Q59: GDP includes _ expenditures but does not
Q60: Which of the following is the best
Q61: To estimate the value of U.S.GDP from
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