Multiple Choice
By summing the values added at each stage in the production of some good we obtain:
A) the price of that good.
B) the total income generated by that good's production.
C) the total cost (including profits) of that product.
D) all of these.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: GDP in an economy is $4,600 billion.Consumer
Q2: The before-tax income received by resource suppliers
Q3: Setup Corporation buys $100,000 of sand, rock,
Q4: Which of the following is not an
Q5: Suppose a nation's nominal GDP was $972
Q7: In calculating GDP by the expenditure approach,
Q8: A nation's stock of capital goods will
Q9: An example of a final good in
Q10: Consider the following data for a hypothetical
Q11: A nation's gross domestic product (GDP) by