The sum of the value added at all stages of production for a product is
A) the product's final price.
B) the product's price plus the value of intermediate goods.
C) the product's price minus the value of intermediate goods.
D) the sum of all the transactions in the production of the product.

Question

Quizplus · Accepted Answer

The sum of the value added at all stages of production for a product equals the product's final price. This is because value added at each stage reflects the increase in value that the product gains as it moves through the production process, culminating in its final market price.

The Sum of the Value Added at All Stages of Production