📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    The ‘Gross Value Added ’ is calculated on the basis

    of which term?
    A National Income Correct Answer Incorrect Answer
    B Products Correct Answer Incorrect Answer
    C Services Correct Answer Incorrect Answer
    D Depreciation Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The GVA is calculated on the basis of goods produced in the country within a defined period of time. 

    GVA is basically calculated to determine gross domestic product (GDP). GDP is the monetary value of all products and services produced in the country.

    Practice Next
    ask-question