Value added by a firm is

value of output + value of intermediate consumptionCorrect answerYour answervalue of output − value of intermediate consumptionCorrect answerYour answersales − wagesCorrect answerYour answerprofit − depreciationCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

A firm's own contribution is what it adds to the inputs it bought from other firms.

Concept: Value added
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsValue added method and double counting

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Value added by a firm is

Explanation