The sum of all value added equals the value of all final products and services.

Question

Quizplus · Accepted Answer

This statement is based on the concept of Gross Domestic Product (GDP), which measures the value of all final goods and services produced in a country. The value added is the difference between the value of the final product or service and the cost of inputs used in its production. Therefore, the sum of all value added in the production process should equal the value of all final products and services.

The Sum of All Value Added Equals the Value of All