Question 11
MediumOriginal questionMatch each value with how it is found.
| List I | List II |
|---|---|
| A. Value of output | I. GVA at market price − depreciation |
| B. Gross value added at market price | II. NVA at market price − net indirect taxes |
| C. Net value added at market price | III. Value of output − intermediate consumption |
| D. Net value added at factor cost | IV. Sales + change in stock |
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
Start from sales, add the change in stock, take away inputs, then depreciation, then net indirect taxes.
- Concept
- Steps to value added
- Typical timeTypical
- 90 s
- Your timeYours
- —
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