Value added refers to
A) any increase in GDP that has been adjusted for adverse environmental effects.
B) the excess of gross investment over net investment.
C) the difference between the value of a firm's output and the value of the inputs it has purchased from others.
D) the portion of any increase in GDP that is caused by inflation as opposed to an increase in real output.
Correct Answer:
Verified
Q4: Suppose the total monetary value of all
Q5: Arthur sells $100 worth of cotton to
Q6: The concept of net domestic investment refers
Q7: The value added of a firm is
Q8: Which of the following is an intermediate
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)
Q20: Suppose Smith pays $100 to Jones.
A) We
Q24: If depreciation exceeds gross investment,
A) the economy's
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