Value added at each stage of production means:

Related MCQs

• Imputed value of good is added to the GDP because:
• As the value of MPC increases, the value ofmultiplier:
• If the value of a variable varies as a consequence of the variation in the value of some other variable, it is called:
• The aggregate production function implied under classical theory is :
• Consumption of capital good in the process of production is called as
• In the Cambridge equation of M = kPR, the value of kis:
• In a closed economy, the value of multiplier , when MPC is 0.90
• Psychological law of consumption states that the value of MPC is lies between zero and
• When MPC = 0.5, the value of multiplier is
• Value of MPC is