The value-added approach measures the:
A) profit a firm earns selling a new product.
B) utility a consumer gets from a good or service.
C) difference between the sale value of a product and the value of the inputs that went into making it.
D) difference between the sale value of a product in one country and the sale value of the same product in another country.
Correct Answer:
Verified
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Q76: The value-added approach of calculating GDP:
A) is
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