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The Sum of Value Added

question 122

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The sum of value added


Definitions:

World Price

The international market price of a good or service, determined by global supply and demand.

Imported

Products or services that are imported into a country from a different country for the purpose of selling or utilization.

Export Subsidy

A government policy to encourage export of goods and services, allowing producers to sell them at a lower price on the international market.

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