【羿文寄语】努力与付出，总是在不经意间就会取得较大的进步。

CFA考试Level Ⅰ

【单选题】

When GDP is calculated by the sum-of-value-added method, what is the value of a manufactured product in GDP?

A.The sum of the product’s value at each stage of production and disdivibution.

B.The sum of the increases in the product’s value at each stage of production and disdivibution.

C.The product’s retail price less the value added at each stage of production and disdivibution.

答案：B

【解析】Using the sum-of-value-added method, GDP can be calculated by summing the value added at each stage in the production and distribution process.Summing the value of the product at each stage of production would count the value added at earlier stages multiple times.The value added at earlier stages would not be included in GDP if it was deducted from the retail price.