Simplify the Expression

question 62

Multiple Choice

Simplify the expression:

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Definitions:

Value Added

The increase in worth of a product or service as a result of a particular process, calculated by the difference between the sale price and the production cost.

Double Counting

The error of including the same transaction or item more than once in a calculation or analysis, leading to inaccurate results.

Injections

Additional spending entering the economy, typically through government spending, investment, and exports, which stimulates economic activity.

Circular Flow

An economic model illustrating the continuous flow of goods and services, resources, and money between businesses and households in an economy.