Question:
Value Addition = __ Value of Intermediate Consumption.
(Choose the correct option(s) to complete the stated formula.)
Value Addition = __ Value of Intermediate Consumption.
(Choose the correct option(s) to complete the stated formula.)
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Value addition is essential for calculating the contribution of an economic activity to the GDP, and it must not include intermediate consumption.
Updated On: Jun 19, 2025
- Domestic sales
- Sales – change in stock
- Value of output
- (Number of units produced) × (Price per unit)
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The Correct Option is C
Solution and Explanation
The formula for value addition is given by the difference between the value of output and the intermediate consumption. The appropriate choices are the ones that relate to output and sales change, and exclude intermediate consumption.
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