Question
What is Gross Value Added
(GVA)?Solution
Gross Value Added (GVA) is a measure of the total value of goods and services produced in an economy, excluding the value of intermediate inputs used in the production process, such as raw materials, utilities, and services. It is a measure of the value added by the various sectors of the economy and is used to assess the economic performance of a country. The GVA of a country can be used to identify the sectors that are driving economic growth, and to evaluate the contribution of different sectors to the overall economic development of the country. Hence, option A is correct.
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