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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 a detailed note on the measurement of GDP.
The intermediate Goods value are indirectly included in the measurement of ______.
The ______ value is derived from the price at which the Goods and Services are sold in the market.
The first quarter of the GDP estimates includes the months ______.
The quarterly GDP estimates of the month July, August, and September includes ______ quarter.
GDP measures only the quantity but not ______.
The GDP of India is ______ million United States dollars.
GDP minus depreciation gives ______.
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.
Explain the limitations of GDP.
