Multiple Choice
To calculate GDP using the value-added method,one would add up
A) the market value of final goods and services produced during a particular period.
B) only the value added by the underground economy.
C) the value added by each firm involved in the production of final goods and services.
D) the market value of intermediate goods and services produced during a particular period.
Correct Answer:
Verified
Correct Answer:
Verified
Q113: Depreciation is<br>A)the value of worn-out equipment,machinery,and buildings.<br>B)the
Q114: The nominal GDP of the U.S.in 2016
Q115: Table 8-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 8-12
Q116: Total income in an economy is equal
Q117: The size of the underground economy as
Q119: Nominal GDP measures the value of all
Q120: In 2016,which component of GDP had a
Q121: If a country passes a labor law
Q122: Table 8-10<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 8-10
Q123: National income is equal to<br>A)personal income minus