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Question : Which of the following formulas is correct for Gross Value Added(GVA)?

Option 1: (GVA) = Gross National Product – Subsidies + Taxes

Option 2: GVA= Gross Domestic Product – Subsidies + Taxes

Option 3: GVA = Gross National Product + Subsidies – Taxes

Option 4: GVA = Gross Domestic Product + Subsidies – Taxes


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: GVA = Gross Domestic Product + Subsidies – Taxes


Solution : The correct answer is GVA = Gross Domestic Product + Subsidies – Taxes.

The calculation of gross value added (GVA) involves subtracting intermediate consumption (at purchaser prices) from output (at basic prices).

A measure of economic production called gross value added (GVA) determines how much a corporation, municipality, or producer contributes to a particular economy, sector, or area.

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