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
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The conditions in which vertical relationships can enhance a firm's ability to price discriminate include
a. the manufacturer's product is of value to multiple types of customers b. the costs of arbitraging the price differences across markets is large c. the manufacturer acquires the distributer in the higher priced market d. competition provide little ability for the manufacturer has to price above marginal cost
In the economy of Talikastan in 2015, consumption was $1000, GDP was $1950, government purchases were $500, and investment was $700 . What were Talikastan's net exports in 2015?
a. -$250 b. $250 c. $2200 d. Net exports cannot be calculated from the information given.
Total cost divided by total output yields:
a. marginal cost. b. average variable cost. c. average fixed cost. d. average total cost.
School Board Voters' Ordered PreferencesDavidErnieFionaNew gymNew libraryNew computer labNew libraryNew computer labNew gymNew computer labNew gymNew libraryIf a first-past-the-post vote was taken by the school board on which project gets funded and the voters' preferences are shown in the table, which project is most likely to win?
A. Computer lab B. Gym C. Library D. It will result in a three-way tie.