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Per NCERT, what is GVA — Gross Value Added — and how does it relate to GDP?
AGVA is identical to GDP
BGVA is used by businesses only
CGVA measures the contribution of three sectors after adjusting for taxes and subsidies — India now reports GVA to match global practice
DGVA is the same as private income
Answer & Solution
Correct answer: C. GVA measures the contribution of three sectors after adjusting for taxes and subsidies — India now reports GVA to match global practice
Per NCERT §How do we count, GVA adjusts for taxes/subsidies. The other options misstate.
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