Multiple Choice
Value added by a firm is the market value of the firm's output minus the:
A) Total wages paid to its employees
B) Value of inputs bought from other firms
C) Profits that the firm's owners earn
D) Total costs of all inputs used
Correct Answer:

Verified
Correct Answer:
Verified
Q25: "Net foreign factor income" in the national
Q26: Adding the market value of all final
Q28: (The following national income data for an
Q29: The following are incomes earned but not
Q31: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the
Q33: In the expenditures approach of national income
Q34: The gross domestic product (GDP) concept accounts
Q35: (The following national income data for an
Q157: Gross private domestic investment can be divided
Q220: If real GDP in a year was