Which of the following is a definition of value added? Revenue received by a firm for its output
a. minus the cost of all the final goods bought
b. plus the cost of all the intermediate goods bought
c. minus the cost of all the intermediate goods bought
d. minus the cost of all interest payments
e. plus the cost of all the final goods bought
C
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The first column of the following table describes the price movement of AOL Corporation stock over a five-year period. The second column gives the period's consumer price index
Calculate the real value of the stock for each time period using year 5 as the base year. If you purchased $1,000 worth of AOL Corporation in year 1, what has happened to the purchasing power of your original $1,000 investment when you sell the stock in year 5? Year AOL CPI 1996 $4.00 147.8 1997 $3.84 155.3 1998 $7.00 163.0 1999 $37.00 165.4 2000 $70.00 172.1
Fiscal policy is:
A. government decisions about the level of taxation and public spending. B. congressional budget office decisions. C. the decisions that affect the available money supply in the economy. D. government decisions about the level of the interest rate in the economy.
Relative to a situation where only a single price is charged, a seller that engages in price discrimination will
a. charge consumers with an inelastic demand a lower price. b. charge consumers with an elastic demand a higher price. c. generally produce a larger total output. d. decrease social welfare and make all consumers worse off.
When a strike or a lockout occurs,
A. Both labor and management suffer. B. Management suffers from a strike while labor suffers from a lockout. C. Only labor suffers. D. Only management suffers.