A retailer sells a good to a consumer for £500. The cost of all the inputs used to produce the good is equal to £210. The value added of the retailer will be equal to _____.
A) £210
B) £500
C) £290
D) £790
Correct Answer:
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Q1: The level of gross domestic product (GDP)
Q2: Which of the following is a drawback
Q3: Which of the following is likely to
Q4: The difference between gross domestic product (GDP)
Q6: If higher GDP stems from an increase
Q7: Other things unchanged, which of the following
Q8: A decline in interest rates leads to
Q9: Double counting can be avoided by:
A) deducting
Q10: If there is an increase in aggregate
Q11: If there is an increase in aggregate
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