The value of a producer's output minus the value of the inputs it purchases from other producers is called the producer's

A) surplus.
B) profit.
C) value added.
D) gross product.

C

Economics

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Suppose Honda purchases a car factory in the United States. This purchase is entered into which of the balance of payments accounts?

A) business purchases account B) current account C) capital and financial account D) trade account E) official settlements account

Economics

Which of the following economic variables is exogenous in the Three-Sector-Model?

a. Government spending on goods and services. b. Real GDP. c. GDP price index. d. Quantity of the domestic currency per time period. e. None of the above.

Economics