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In a Given Year,suppose a Company Spends $100 Million on Intermediate

Question 15

Multiple Choice

In a given year,suppose a company spends $100 million on intermediate goods and $200 million on wages,with no other expenses.Also assume that its total sales are $800 million.The value added by this company equals


A) $200 million.
B) $300 million.
C) $500 million.
D) $700 million.
E) $800 million.

Correct Answer:

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