To calculate GDP using the value-added method, one would add up
A) the market value of intermediate goods and services produced during a particular period.
B) the value added by each firm involved in the production of final goods and services.
C) the market value of final goods and services produced during a particular period.
D) only the value added by the underground economy.
B
You might also like to view...
Refer to Table 14-5. Does Ming have a dominant strategy? If yes, what is it?
A) Yes, Ming's dominant strategy is to wait to see what Henri does first. B) No, Ming does not a dominant strategy - his best outcome depends on what Henri does. C) Yes, Ming's dominant strategy is to not to offer free pickup and delivery. D) Yes, Ming's dominant strategy is to offer free pickup and delivery.
The market in which the currency of one country is traded for the currency of another country is called
A. the futures market. B. the commodities market. C. the foreign exchange market. D. the international trade market.