Total Value Added in an Economy Is Equal to the Value

question 88

Multiple Choice

Total value added in an economy is equal to the value of

• A)all final goods produced.
• B)all final and intermediate goods produced.
• C)all inputs and outputs in the economy.
• D)all profits of all firms in the economy.
• E)the sum of the value of primary,intermediate and final goods.

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Definitions:

Young Infants

Infants in the earliest stages of life, typically considered to be from birth to one year old.

Puberty

The developmental stage during which a child's body matures into an adult body capable of sexual reproduction.

Middle School

An educational institution for children typically in the early adolescent years, serving as a bridge between elementary school and high school.

Junior High

An educational level that serves as a bridge between elementary school and high school, typically including grades 7 through 9.