Topic

Value Added and Production

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Quizzes in Value Added and Production

U.S. Economy

A Georgia industry has gross output of $100 million and intermediate inputs of $60 million. What is its value added?

  • $60 million
  • $100 million
  • $160 million
  • $40 million
Correct answer(s):
  • $40 million
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U.S. Economy

Why should Georgia GDP not add every sale at each peanut-processing stage?

  • It would measure only household wages
  • It would exclude all agricultural work
  • It would count intermediate products more than once
  • It would remove every processing margin
Correct answer(s):
  • It would count intermediate products more than once
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