Value added by a firm is the market value of the firm's output minus the
A) total wages paid to its employees.
B) value of inputs bought from other firms.
C) profits that the firm's owners earn.
D) total costs of all inputs used.
Correct Answer:
Verified
Q106: An example of final goods in national
Q108: Adding the market value of all final
Q112: An example of intermediate goods would be
A)bricks
Q113: Gross output (GO) reflects the overall status
Q115: GDP is the market value of
A)resources (land,
Q116: All of the following are examples of
Q168: The National Income and Product Accounts (NIPA)
Q169: The gross domestic product (GDP) concept accounts
Q177: If real GDP is 50 and nominal
Q195: Which of the following is included in
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