In a Given Year,suppose a Company Spends $100 Million on Intermediate

question 49

Multiple Choice

In a given year,suppose a company spends $100 million on intermediate goods and $200 million on wages,with no other expenses.Also assume that its total sales are $800 million.The value added by this company equals

• A)$200 million.
• B)$300 million.
• C)$500 million.
• D)$700 million.
• E) $800 million.