3. Value added is best defined as a. the profit earned by firms. b. the value of...
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3. Value added is best defined as
a. the profit earned by firms.
b. the value of a firm’s sales.
c. the value of a firm’s sales minus the value of purchased intermediate goods and services.
d. the increase in aggregate income during a given period.
e. the value of investment spending in the economy during a given period.
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