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:

Pivotal

Describes something of crucial importance in relation to the development or success of something else.

Necessary Change

Essential alterations or adjustments required within a process, organization, or system for improvement or adaptation to new conditions.

Adaptive Leadership Behavior

The capacity of a leader to recognize change in their environment and respond effectively.

Team Leader

An individual who provides direction, instructions, and guidance to a group of individuals for the purpose of achieving a certain goal.