GDP Equals the Value Added by Producers Of

question 23

Multiple Choice

GDP equals the value added by producers of:

• A)intermediate goods and services only.
• B)final goods and services only.
• C)intermediate goods and services, as well as final goods and services.
• D)intermediate and final goods only.

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Definitions:

Service Revenue

Income earned by a company for the services it has provided to its customers.

Bank Loan Payable

Bank Loan Payable is the amount owed by a borrower to a bank, typically represented as a liability on the borrower's balance sheet.