The value added of a firm is the market value of
A) a firm's output plus the value of the inputs bought from others.
B) a firm's output less the value of the inputs bought from others.
C) the firm's output.
D) the firm's inputs bought from others.
Correct Answer:
Verified
Q2: The agency responsible for compiling the National
Q3: By summing the dollar value of all
Q4: Suppose the total monetary value of all
Q5: Arthur sells $100 worth of cotton to
Q6: The concept of net domestic investment refers
Q8: Which of the following is an intermediate
Q9: Value added refers to
A)any increase in GDP
Q10: GDP is the
A)national income minus all nonincome
Q11: Value added can be determined by
A)summing the
Q12: The National Income and Product Accounts (NIPA)
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