Suppose a painting is created and sold in 2010 for d5,000. The expenses involved in producing the painting amounted to d2,000. According to the sum-of-value-added method of calculating GDP, the value...


Suppose a painting is created and sold in 2010 for d5,000. The expenses involved in producing the painting amounted to d2,000. According to the sum-of-value-added method of calculating GDP, the value added by the final step of creating the painting was:


A. d2,000.


B. d3,000.


C. d5,000.



May 03, 2022
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