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Yavapai Industries has decided to start calculating economic value added. Yavapai's accountant gathered the following information: Using this information, calculate Yavapai's economic value added.
Normative Economic Statement
An opinion or judgment that reflects values or what ought to be, rather than factual claims about what is.
Social Security
A government program designed to provide financial support to individuals during retirement, disability, or upon the death of a primary wage earner.
Government
The system or group of people governing an organized community, often a state, including institutions that establish and enforce public policies and laws.
Normative Statements
Assertions that express opinions about what ought to be, involving values and ethical judgments, rather than empirical facts.
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