Home › UP Board Class 12 › Economics › National Income Accounting › The value of output minus the value of intermedi…
The value of output minus the value of intermediate consumption is called:
Avalue added
Bdepreciation
Cdisposable income
Dnational debt
Answer & Solution
Correct answer: A. value added
Value added = value of output − intermediate consumption.
Related questions
GDP and welfare are NOT identical because GDPWhy is NNP at FACTOR COST (rather than at market prices) called the National Income?If GDP at market prices = ₹500, depreciation = ₹50, net indirect taxes = ₹40, NFIA = ₹10, Which equation correctly states the EXPENDITURE method of GDP at market prices?Which is a TRANSFER payment in the macroeconomic framework?Personal Disposable Income (PDI) equalsIf NDP at factor cost is ₹100 lakh and net indirect taxes are ₹15 lakh, NDP at market pricWhich of the following is INCLUDED in GDP?