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Value added in a nation equals A-the value of intermediate products B-the value of investment goods C-the difference between production and income or D-GDP?
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∙ 12y ago
GDP
Wiki User
∙ 12y ago
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Difference between autonomous and induced investment?
when an increase in investment is due to increase in current level of income and production, it is known as induced investment The autonomous invesment is generally associated with such factors as the introduction on new techniques or products, the development of new resources or the growth of population and labour force
When calculating GDP why are intermediate products excluded?
because yes
How many products can be shown on a single production possibilities graph?
Only two products can be shown on a single production possibilities graph
What are types of production based utility?
According to my business 100 class they are Time utility: Production makes products available when consumers want them. Place utility: Production makes products available where they are convenient for consumers Ownership (possession) utility: Production makes products available for consumers to own and use. Form utility: By turning raw materials into finished goods, production makes products available in the first place.
Why agriculture products prices are high?
for profit maximization,because cost of production of products is costly therefore price is high to cover the cost of production
Difference between autonomous and induced investment?
when an increase in investment is due to increase in current level of income and production, it is known as induced investment The autonomous invesment is generally associated with such factors as the introduction on new techniques or products, the development of new resources or the growth of population and labour force
What is the benefits of FMS?
Large variety of same Products,Profitable Investment,Low labour cost,Flexible System,Speedy Production.
What is a major distinction between the production era and the sales era in the history or marketing?
The production era was a time of mass production of products for sale. The sales era was the buying of products. The difference between the two was the economics of each era.
What is the difference between fuel oil and lube oil?
Fuel oil is a blend of heavy intermediate products in a refinery to make a heavy fuel oil. Lube oil is processed from intermediate products to make an oil used for the lubrication of mechanical parts such as car engines, turbines, etc.
What investment products are offered by National Savings?
There are a few different investment products offered by National Savings. They offer everything from special investment calculators to pens with their name on it.
When calculating GDP why are intermediate products excluded?
because yes
What is difference between XBOX and Sony Playstation?
They're made by separate people and play separate games. They are both out of production and replaced by better products or they are the names of the products and not the models.
What is the difference between industrial biotechnology and biotechnology?
Biotechnology is the use of cells or products of these cells for the service of human. while industrial biotechnology deals with the production of these products on industrial level.
What is the difference between a production concept and product concept?
AnswerTo me the difference lies in what is being produced. A product conceptwould be an idea for an item or product. A production concept would be the concept conceived for creating the product.--------------------------------------------------------------------------------------------------------------Production Concept-consumers favor products that are available and highly affordable-improve production and distribution-also known as manufacturing conceptProduct Concept-consumers favor products that offer the most quality, performance, and innovative features
What are the Difference between selling and product concept?
Production concept is the understanding of a products best qualities and features as to show them off. Selling concept is the act of pushing products on customers to ensure the company's products sell.
What are the Difference between batch production and flow production?
batch production is used when a group of identical products pass through one production process together , before moving on to next ... Flow production is continuous , conveyor belt method of production where functions are performed one by one on each unit .
What has the author George M Lady written?
George M Lady has written: 'Economic structure, aggregate production functions and the demand for energy as an intermediate product' -- subject(s): Prices, Petroleum products, Supply and demand
