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What is value added and how is it calculated?Value added refers toA.the additional market value a firm gives to a product and is calculated as the difference between the sale price and the price of intermediate goods.B.the additional market value a firm gives to a product and is calculated as the difference between the total production cost and the price of intermediate goods.C.the profit a firm receives for its product and is calculated as the difference between total revenue and total cost.D.the profit a firm receives for its product and is calculated as the difference between the sale price and the price of intermediate goods.
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