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29 April, 04:56

When a firm produces output, A) the value of the output produced is included in GDP B) the firm's output contributes to GDP only to the extent that there is value-added. C) the firm's output will not count as GDP if it is stored as inve

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  1. 29 April, 05:05
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    B) the firm's output contributes to GDP only to the extent that there is value-added.

    Explanation:

    When a form produces the output with the capital and the labor and there it contributes the GDP of the nation as the forms in a domestic setup and the external output produces the GDP to the extent that there are added values. Thus the firm's outputs provide a valid added type services and associated with the cost of the capital and cost of the labor and marginal rate of the technical substitutes.
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