-The total value added in Table 10.1 is the same as the
A) value of the wheat before the miller turned it into flour.
B) retail value of the loaf of bread minus the wholesale value of the bread.
C) sum of all sales transactions.
D) final retail price of the loaf of bread.
E) wholesale value of the loaf of bread plus the final market value of the bread.

Question

-The total value added in Table 10.1 is the same as the
A) value of the wheat before the miller turned it into flour. 
B) retail value of the loaf of bread minus the wholesale value of the bread. 
C) sum of all sales transactions. 
D) final retail price of the loaf of bread. 
E) wholesale value of the loaf of bread plus the final market value of the bread.

Quizplus · Accepted Answer

The total value added refers to the final retail price of the loaf of bread, as it encompasses all the value added at each stage of production, from the initial raw materials to the final product sold to consumers.

-The Total Value Added in Table 10