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    Question

    How is Gross Value Added (GVA) calculated?

    A GVA = Subsidies on products (SP) + Taxes on products (TP) - Gross National Income (GNP) Correct Answer Incorrect Answer
    B GVA = Gross Domestic Product (GDP) + Subsidies on products (SP) − Taxes on products (TP) Correct Answer Incorrect Answer
    C GVA = Gross Domestic Product (GDP) − Subsidies on products (SP) Correct Answer Incorrect Answer
    D GVA = Subsidies on products (SP) + Taxes on products (TP) + Gross National Income (GNP) Correct Answer Incorrect Answer

    Solution

    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.

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