3. Consider Figure 11-1. Explain why it would be incorrect to calculate total value added as $30,500,

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3. Consider Figure 11-1. Explain why it would be incorrect to calculate total value added as $30,500, the sum of the sales price of a car and a car’s worth of steel.

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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