Tamil Nadu Board of Secondary EducationSSLC (English Medium) Class 10th
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What is Gross Value Added? - Social Science

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Short Note

What is Gross Value Added?

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Solution

Gross Value Added or GVA is the measure of the value of goods and services produced in an area, industry of sector of an economy. In national accounts GVA is output minus intermediate consumption; it is a balancing item of the national accounts’ production account.

Concept: Contribution of different sectors in GDP of India
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