To Calculate Value Added, We Need to Subtract

question 28

Multiple Choice

To calculate value added, we need to subtract

• A) only the cost of domestically produced intermediate inputs.
• B) only the cost of foreign-produced intermediate inputs.
• C) the cost of domestic- and foreign-produced intermediate inputs.
• D) total imports.
• E) the cost of all goods and services exported.

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Definitions:

Organizational Culture

The collective values, beliefs, and behaviors that shape the social and psychological environment of a business organization.

Cultural Symbols

Objects, signs, or emblems that represent significant meanings or values within a specific culture.

Organizational Culture

A system of shared assumptions, values, and beliefs which governs how people behave in organizations.

Cultural Symbols

Immutable elements representing the beliefs, values, traditions, and norms of a specific culture.