Summing the value added of all firms yields the value of final goods and services produced because both measures:
A. exclude the value of intermediate goods and services.
B. use constant prices.
C. exclude the value of capital goods.
D. are adjusted for population growth.
Answer: A
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The figure above shows the demand curve, marginal revenue curve, and marginal cost curve. The amount of consumer surplus when the market has a monopoly producer is
A) ace. B) abf. C) bcd. D) bcef. E) acd.
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