Answer-How is Gross Value Added (GVA) calculated?

Gross Value Added GVA measures the economic contribution of goods and services. It is derived by adding subsidies on products to GDP and subtracting taxes on products. It reflects the productivity of an economy in generating value.

Question

How is Gross Value Added (GV

A calculated?

A GVA = Subsidies on products (SP) + Taxes on products (TP) - Gross National Income (GNP)

B GVA = Gross Domestic Product (GDP) + Subsidies on products (SP) − Taxes on products (TP)

C GVA = Gross Domestic Product (GDP) − Subsidies on products (SP)

D GVA = Subsidies on products (SP) + Taxes on products (TP) + Gross National Income (GNP)

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