"Value added" is defined as:
a. the price of the product multiplied by the quantity produced.
b. total sales revenue divided by the quantity produced.
c. total sales revenue minus sales taxes.
d. the value of total product minus raw materials costs.
d. the value of total product minus raw materials costs.
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Why do individuals choose to hold part of their wealth in money rather than in other types of assets? Discuss the benefits and costs of holding money
What is the change in the money supply when the Fed purchases $700 worth of bonds and the required reserve ratio is 14 percent assuming banks hold no excess reserves?
Which of the following would not be studied in macroeconomics?
A. The growth rate of the U.S. economy. B. The impact of government spending on the economy. C. The causes of the Great Depression. D. How a sharp increase in gasoline prices is likely to affect SUV sales.
The present value of $100 received 3 years from now given a current interest rate of 6% is
A. $82.00. B. $83.96. C. $100.00. D. $116.00.