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प्रश्न
Define the value added approach with example.
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उत्तर
In the value-added approach, the value added by each intermediate good is summed to estimate the value of the final goods. Take an example of a cup of tea which is a final good. The goods used to produce it are – tea powder, milk, and sugar. These things (goods) are ‘intermediate goods’ since they form a part of the final good, i.e., the cup of tea. Each intermediate good the tea powder, milk, and sugar, adds value to the final output, the cup of tea.
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संबंधित प्रश्न
Write the importance of Gross Domestic Product.
Only those goods and services that has a market value are included in the ______.
The intermediate Goods value are indirectly included in the measurement of ______.
The quarterly GDP estimates of the month July, August, and September includes ______ quarter.
______ helps in the estimation of purchasing power.
The GDP of India is ______ million United States dollars.
The cost of saree brought by your brother to your mother ______ from China will be from India’s GDP.
January, February, March refers to the ______ quarter of the measurement of GDP.
Choose the correct statement
- GDP measures only quantity but not quality.
- CSO conducts annual survey based on Indexes like Index on Industrial Production (llP) and Consumer Price Index (CPl).
- High level of Per Capita real GDP will lead to low level of pollution and low suicidal rate.
- India is the largest producer of agricultural products in the world.
______ is a method of monitoring purchasing power.
