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प्रश्न
Define the following: Value Addition
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उत्तर
Value Addition: Value addition on a good refers to the increase in the value of good at each successive stage of production. Algebraically, Value Addition is the difference between the total value of the output and the total value of the intermediate consumption.
Value Addition = Total Value of Output – Total Value of Intermediate Consumption.
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संबंधित प्रश्न
Explain the precautions that are taken while estimating additional income by the value-added method.
Answer the following question.
What precautions should be taken while estimating national income by value-added method? Explain.
How is microeconomics different from macroeconomics?
National income is equal to ______.
To include the value of goods or services more than one time while calculating National Income is called:
Distinguish between ‘Value of Output’ and ‘Value Added’.
Which of the following will be excluded when one calculating National Income through the Value Added Method?
What concept are all domestic variants?
When calculating the national Income which of the following will not be considered?
Statement 1: AP can take positive values only.
Statement 2: TP can take negative values only.
Complete the table:
| Producer | Value of output | Intermediate Consumption |
Value Added |
| Farmer | 2,000 | - | 2,000 |
| Banker | __(i)__ | 2,000 | 2,000 |
| Retail Seller | 4,400 | (iii) | 400 |
| Total | __(ii)__ | 6,000 | __(iv)__ |
With the help of a reason, explain why the following are included in calculation of National Income.
Goods supplied free of cost by the government.
With the help of a reason, explain why the following are included in calculation of National Income.
Own account production
