Value added in national income accounts refers to the:
A) value added by labor to the production process.
B) difference between the final price and the value of inputs purchased.
C) difference in profits at various stages of production.
D) value of all inputs used by the final producer.
Correct Answer:
Verified
Q117: Net exports are calculated by subtracting:
A) imports
Q117: The calculation of GDP includes the value
Q118: Which of the following is the best
Q119: Which one of the following transactions will
Q124: If, during 2010, the Republic of Sildavia
Q124: Which of the following transactions would NOT
Q126: Use the following to answer question:
Q129: The value of _ is counted in
Q130: If, during 2011, the Republic of Sildavia
Q140: GDP may be calculated as the sum
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