Multiple Choice
The value of a producer's output minus the value of the inputs it purchases from other producers is called the producer's
A) surplus.
B) profit.
C) value added.
D) gross product.
Correct Answer:

Verified
Correct Answer:
Verified
Q47: Suppose that national saving is $1456 billion,investment
Q48: Private saving is defined as<br>A)private disposable income
Q49: To ensure that the fundamental identity of
Q50: In 2008,inflation exceeded expected inflation.In 2009,expected inflation
Q51: Fred the farmer purchased five new tractors
Q53: Nominal government purchases were $2226.2 billion in
Q54: The Fed prefers to focus on inflation
Q55: Nominal GDP in 1970 was $1035.6 billion,and
Q56: Net national product equals<br>A)gross national product minus
Q57: Carl's Computer Center sells computers to business