Suppose U.S. drivers purchased $50 billion of ExxonMobil producod gasoline dunng a rocent year, with one-half purchased diroctly from ExxonMobil owied gas stations id onie-half from independent (or third.party) gas stahons. Suppose lurther that ExxonMobil purchased the oil (which it refined into gasoltie) from foreign producers for $20 hillron and thal i recolvos B percent of the s as revonuo thal tidependont statons penerate from seling ExxonMobil gasoline. In this case, the value added by ExxonMobil to US. GDP is Sbilon ( nler vour rosponse us an integer

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A firm's value added refers to the dollar value of
O A. a firm's sales revenue minus the firm's protits
O B. a firm's sales revenue minus the firm's purchases of intermediate products from other firms.
O C. a firm's total sales revenue
O D. the intermediate products a firm buys from other producers.
Suppose U.S. drivers purchased $50 billion of ExxonMobil produced gasolinc duning a rocent year, with one-hali purchased d'rectly fem ExxontMobil owied gas stations iariri onie-half from independent (or third-party) gas statons. Suppose lurther that
ExxonMobil purchased the oil (which it refined into gasolitie) from foreign producers for $20 hillion and thal ii recoives B percent of the ses revenuo that itidependent stations nenerate from selling ExxonMobil gasoline.
In this case, the value added by ExxonMobil to U.S. GDP is S bilion ( nler your response as an integer
Click to select your answer(s).
21:23
2203.2021
Transcribed Image Text:A firm's value added refers to the dollar value of O A. a firm's sales revenue minus the firm's protits O B. a firm's sales revenue minus the firm's purchases of intermediate products from other firms. O C. a firm's total sales revenue O D. the intermediate products a firm buys from other producers. Suppose U.S. drivers purchased $50 billion of ExxonMobil produced gasolinc duning a rocent year, with one-hali purchased d'rectly fem ExxontMobil owied gas stations iariri onie-half from independent (or third-party) gas statons. Suppose lurther that ExxonMobil purchased the oil (which it refined into gasolitie) from foreign producers for $20 hillion and thal ii recoives B percent of the ses revenuo that itidependent stations nenerate from selling ExxonMobil gasoline. In this case, the value added by ExxonMobil to U.S. GDP is S bilion ( nler your response as an integer Click to select your answer(s). 21:23 2203.2021
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