Solved

A Business Buys $7,000 Worth of Resources to Produce a Product.The

Question 113

Multiple Choice

A business buys $7,000 worth of resources to produce a product.The business makes 150 units of the product and each of them sells for $90.The value added by the business to these products is:


A) $13,500
B) $6,500
C) $7,000
D) $6,850

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q16: Real GDP measures<br>A) current output at current

Q96: If nominal GDP rises,<br>A) real GDP may

Q108: In one-year nominal GDP was $286 billion

Q109: Suppose nominal GDP was $360 billion in

Q111: Environmental pollution is accounted for in:<br>A)GDP.<br>B)DI.<br>C)PI.<br>D)None of

Q112: Which would be considered an investment according

Q114: Gross investment refers to:<br>A)private investment minus public

Q115: Refer to the information below.The capital consumption

Q116: The growth of GDP may understate changes

Q117: GDP measured using current prices is called:<br>A)nominal