Summing the Value Added of All Firms Yields the Value

question 165

Multiple Choice

Summing the value added of all firms yields the value of final goods and services produced because both measures:

• A)exclude the value of capital goods.
• B)exclude the value of intermediate goods and services.
• C)use constant prices.
• D)are adjusted for population growth.

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Definitions:

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Nausea

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Narcotic

A drug that relieves pain and induces drowsiness, stupor, or insensibility, often used medically for pain relief but can be addictive and abused.