Multiple Choice
The "value added" for an individual firm can be calculated by
A) adding the cost of the intermediate goods used by the firm.
B) subtracting the payments made to the factors of production used by the firm from the firm's revenue.
C) calculating the revenue generated by the firm.
D) calculating the profit generated by the firm.
E) adding up the payments made to the factors of production used by the firm.
Correct Answer:
Verified
Correct Answer:
Verified
Q105: Suppose that in 2018,ABC Corporation produced $6
Q106: In macroeconomics,what is meant by the term
Q107: Consider the circular flow of expenditure and
Q108: Jodie's Bakery generates a yearly revenue of
Q109: GDP from the expenditure side is equal
Q110: All goods and services produced by one
Q111: In Canada,the measurement of national income and
Q112: Suppose that in 2018,Canada Cars Corporation produced
Q114: The table below includes data for a
Q115: In national-income accounting,a reduction of inventories counts