The value-added approach to measuring GDP involves adding up the value of the
a. sales revenues of firms
b. payments for the intermediate goods used by all firms
c. the wages of the workers used to produce goods
d. sales of all firms, minus all their purchases of intermediate goods
e. values of final goods minus the value of all services
D
Economics
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If cable TV service and satellite TV service are substitutes,
What will be an ideal response?
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