briefly explain the term gross value added at basic prices

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07-04-2021
Business

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briefly explain the term gross value added at basic prices

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24KGLOCKSLIAAAAAidn 24KGLOCKSLIAAAAAidn · Answer 1 · 2021-04-07T16:29:40-04:00

24KGLOCKSLIAAAAAidn 24KGLOCKSLIAAAAAidn

07-04-2021

Gross value added (GVA) is defined as output (at basic prices) minus intermediate consumption (at purchaser prices); it is the balancing item of the national accounts' production account. GVA can be broken down by industry and institutional sector.

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