Question : Value added = Value of output - ?
Option 1: Intermediate consumption.
Option 2: Sales
Option 3: Change in stock
Option 4: All of the above
Answer (1)
16th Jan, 2024
Correct Answer: Intermediate consumption.
Solution :
Value added = Value of output - Intermediate Consumption.
Value added= Sales - Intermediate Consumption.
*Value of output = Sales, when the entire output is sold in accounting year.
Hence, option A is correct.
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