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:

Normative Commitment

The level of an individual's psychological attachment to an organization due to a sense of obligation.

Time Employed

The duration or period an individual has spent working for a particular employer or in a specific role.

Interesting Work

Tasks or roles that engage an individual's curiosity, creativity, or passion, often leading to higher job satisfaction.

Organizational Commitment

The psychological attachment an employee feels towards their organization, including a desire to remain a member and a willingness to exert effort on its behalf.