If during 2011 the Republic of Sildavia recorded a value added of $78 billion, wages of $40 billion, profits of $8 billion, and total sales of $90 billion, the value of intermediate goods purchased during 2011 in Sildavia was:

Question

Quizplus · Accepted Answer

The value added is calculated as total sales minus the value of intermediate goods. Given that the value added is $78 billion and total sales are $90 billion, the value of intermediate goods is $90 billion - $78 billion = $12 billion.

If During 2011 the Republic of Sildavia Recorded a Value