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.

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