in national income accounts, what does value added refer to? multiple choice question. the value of all the inputs used by the final producer the difference in the market value and cost of inputs purchased from other firms the cost of inputs at the first stage of production the value added to the production process by labor only

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25-10-2022
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in national income accounts, what does value added refer to? multiple choice question. the value of all the inputs used by the final producer the difference in the market value and cost of inputs purchased from other firms the cost of inputs at the first stage of production the value added to the production process by labor only

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rafikiedu02 rafikiedu02 · Answer 1 · 2022-11-03T12:42:08-04:00

In national income accounts, value-added refers to the difference in the market value and cost of inputs purchased from other firms.

Market value (OMV) is the price at which an asset trades in a competitive auction environment. Market value is often used interchangeably with open market value, fair value, or fair market value, although these terms are defined differently in different standards and in specific circumstances.

Market value is the price at which a property would be sold on the open market, taking into account real costs such as brokerage commissions. Market value is the amount a person is willing to pay for a property.

Market value is the price at which a product or service can be sold in a competitive open market. This concept is the basis for several accounting analyzes to determine whether the carrying amount of an asset should be amortized.

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