GDP can be calculated by summing up the "value added" at every stage of production.
Answer the following statement true (T) or false (F)
True
The value added is the amount by which the price goes up from the sale of an intermediate or final good.
Economics
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Investment spending at any level of national income is the investment producers
a. actually make b. expected to make c. expect to make d. make net of actual investment e. intend to make
Economics
The very poorest LDCs have relatively
A. low rates of economic growth and relatively high rates of population growth. B. high rates of economic growth and relatively low rates of population growth. C. low rates of both population growth and economic growth. D. high rates of both population growth and economic growth.
Economics