In a Given Year, Suppose a Company Spends $300 Million

question 26

Multiple Choice

In a given year, suppose a company spends $300 million on intermediate goods and $500 million on wages, with no other expenses. Also assume that its total sales are $800 million. The value added by this company equals:

• A) $300 million.
• B) $500 million.
• C) $200 million.
• D) $100 million.
• E) $400 million.

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Definitions:

Michael Hardt

A political philosopher famous for his work with Antonio Negri on empire and global capitalism, focusing on the structure of power in the contemporary world.

Antonio Negri

An Italian Marxist sociologist and political philosopher known for his co-authorship of "Empire," which examines global capitalism and its networks of power.

Appadurai's Landscapes

Refers to Arjun Appadurai's conceptual framework on the fluid, dynamic global cultural flows categorized into five dimensions: ethnoscapes, technoscapes, financescapes, mediascapes, and ideoscapes.

Nation-States

Politically sovereign entities characterized by a defined territory, permanent population, a government, and the capacity to enter into relations with other states.