Question : In National income accounting, GVA stands for:
Option 1: general vesting added
Option 2: general visited account
Option 3: gross value accounting
Option 4: gross value added
New: SSC MTS 2024 Application Form OUT; Direct Link
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: gross value added
Solution : The correct answer is gross value added.
In national income accounting, GVA stands for gross value added. It represents the total value of goods and services produced by an economy or a specific sector minus the value of intermediate goods and services used in the production process. It is a key indicator used to assess the contribution of individual sectors or the overall economy to the gross domestic product (GDP).
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : Which of the following formulas is correct for Gross Value Added(GVA)?
Question : If we sum the gross value added of all the firms of the economy in a year, we get a measure of the value of the aggregate amount of goods and services produced by the economy in a year. Such an estimate is called ______.
Question : If we deduct depreciation from GNP the measure of aggregate income that we obtain is called _____.
Question : ______ is the market value of all final goods and services produced within a domestic territory of a country measured in a year.
Question : National income received by the households is called_____.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile