Why is the gross value of goods through Savannah’s port different from Georgia value added? » Graduate U.S. Economy MCQ » MCQ Academy

U.S. Economy

Why is the gross value of goods through Savannah’s port different from Georgia value added?

Every cargo shipment is produced entirely in Savannah
Port activity is omitted from all state accounts
Cargo value includes production beyond local port services
Cargo value measures only dockworkers’ wages

Every cargo shipment is produced entirely in Savannah
Port activity is omitted from all state accounts
Cargo value includes production beyond local port services
Cargo value measures only dockworkers' wages

Note

The gross value of goods passing through Savannah's port is not identical to value added within Georgia.

The price of cargo can include substantial value created before it reaches the port. Local transport and handling contribute their own value, but the entire cargo price should not be attributed to the state's port services.

Tags: Evidence and Source Evaluation, Georgia Facts, Georgia Ports and Trade, State Economic Accounts

Note

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