"Value added" refers to:
A) any increase in GDP that has been adjusted for negative environmental effects
B) the excess of a country's exports over its imports
C) the excess of gross investment over net investment
D) the difference between GDP and GNI
E) the difference between the value of a business's output and the value of the resources that it has purchased from others
Correct Answer:
Verified
Q12: Which of the following is not considered
Q13: GDP may be defined as:
A)the monetary value
Q14: Suppose that the total market value of
Q15: By adding up the dollar value of
Q16: GDP includes:
A)neither intermediate nor final products
B)both intermediate
Q18: In 1933,net investment was -$5.8 billion.This meant
Q19: If depreciation exceeds gross investment,it can be
Q20: GDP can be calculated by adding:
A)consumption, gross
Q21: In the treatment of Canadian exports and
Q22: GDP tends to:
A)overstate economic well-being, because it
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