Multiple Choice
A business sells its output for $2,000. It pays $1,100 in wages, $500 for material bought from other businesses, and has profits of $400. Its value added is
A) is $400.
B) is $1,100.
C) is $1,500.
D) is $1,600.
E) depends on whether it produces intermediate products.
Correct Answer:
Verified
Correct Answer:
Verified
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