A firm purchases $400,000 worth of raw materials and pays wages and salaries of $300,000 and dividends of $100,000 . If the firm sells its output for $1 million, the firm's value added to GDP is
a. $400,000.
b. $600,000.
c. $800,000.
d. $1,000,000.
B
Economics
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Refer to Table 11.1. What is the value of the government spending multiplier?
A) 1.67 B) 2.5 C) 3.33 D) 4
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What would be a "credible business plan" for the government to adopt?
What will be an ideal response?
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The coefficient of determination is .90, the number of observations is 30, and a multiple regression model using 2 independent variables is estimated. What is the value of the adjusted coefficient of determination?
A) .8926 B) .9000 C) .7500 D) .8000
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Merit is judged by one's ability to produce
A) what is considered useful by society. B) what is considered valuable by society. C) what is considered beneficial to society. D) all of the above.
Economics