Question

In \[\mathrm{GVA}_{i}\equiv Q_{i}-Z_{i}\], what does \[Q_i\] represent?

Options

• Addition to inventories

• Value of final goods sold

• Value of output of firm \[i\]

• Value of intermediate goods used

Answer 1

\[Q_i\] denotes the value of output of firm \[i\]. It includes the value represented by final goods sold and addition to inventories.