A firm's value added is
a. the revenue it receives by selling its output
b. usually not included in GDP
c. the revenue it receives for its output, minus the cost of all the intermediate goods it buys
d. the revenue it receives for its output, plus the cost of all the intermediate goods it buys
e. the revenue it receives for its output, minus the taxes that it pays
C
You might also like to view...
Samantha goes to college to become an engineer. This is an example of an
A) investment in physical capital. B) investment in human capital. C) increase in entrepreneurship D) increase in labor.
The "quantitative easing" policies of the Fed during, and following, the financial crisis of 2008-2009,
a. expanded the reserves available to the banking system, leading to a rapid increase in the M1 money supply as banks used the reserves to extend additional loans. b. reduced the reserves available to the banking system, leading to a sharp reduction in outstanding loans and a decline in the M1 money supply. c. expanded the reserves available to the banking system, but the M1 money supply increased slowly because the banks enlarged their excess reserves. d. reduced the reserves available to the banking system, leading to a substantial increase in outstanding loans and the M1 money supply.
Which of the following would not result from a price ceiling (set below the equilibrium price)?
A) a shortage B) fewer exchanges C) an increase in supply D) nonprice rationing devices
A tax imposed by a government on imports of a good into a country is called a
A) tariff. B) quota. C) value added tax. D) sales tax.