menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 11
  4. Exam
    Exam 6: Measuring National Output and National Income
  5. Question
    Explain What Is Meant by the Concept of "Value Added
Solved

Explain What Is Meant by the Concept of "Value Added

Question 14

Question 14

Essay

Explain what is meant by the concept of "value added" and how it can be used to calculate GDP.

Correct Answer:

verifed

Verified

Value added simply refers to the differe...

View Answer

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

Related Questions

Q9: List and explain the four main spending

Q10: An automobile dealer purchases additional vehicles at

Q11: Why is a purely financial transaction not

Q12: Assume that GDP is $9 Trillion, receipts

Q13: Refer to the information provided in Table

Q15: Explain in broad terms what the Bureau

Q16: Explain how using GDP may not be

Q17: If real GDP and nominal GDP both

Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2925/.jpg" alt=" Table 6. 1

Q19: Explain why real GDP may fall even

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines