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 of multiplier:
• If the value of a variable varies as a consequence of the variation in the value of some other variable, it is called:
• Implicit cost of a factor of production is determined by its
• In long run, which factor of production is fixed?
• A production possibility curve is concave to the point of origin because of
• The aggregate production function implied under classical theory is :
• Consumption of capital good in the process of production is called as
• The curve showing the possibilities of production of desired good is known as:
• Production possibilities curve does not show: