Keerthana
Posted on

Value-added means value of

a

goods and services less cost of intermediate goods and services

b

output at factor cost

c

output at market prices

d

goods and services less depreciation

Answer : Option A
Explanation :

Value added is an economic term to express

the difference between the value of goods and

the cost of materials or supplies that are used

in producing them. It is a measure of economic

activity which eliminates the duplication inherent in the sales value figure which results from

the use of products of some establishments as

materials or services by others. So it is of goods

and services less cost of intermediate goods and

services.

Rate This:
NaN / 5 - 1 votes
Profile photo for Dasaradhan Gajendra