Question

Value Addition = ______ − Value of Intermediate Consumption.

1. Domestic sales
2. Sales − change in stock
3. Value of output
4. (Number of units produced) × (Price per unit)

Options

• (i) and (ii)

• (ii), (iii) and (iv)

• (ii) and (iii)

• (iii) and (iv)

Answer 1

(iii) and (iv)

Value Addition = Value of Output − Value of Intermediate Consumption.

Value of Output = (Number of units produced) × (Price per unit)