explain value added method with the help of an exampla
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(ii) Second step Value of output (of a producing unit) is determined by multiplying the quantity of the product by its market price. ... Gross. Value Added is estimated by deducting the intermediate consumption from the value of output.
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Second step Value of output (of a producing unit) is determined by multiplying the quantity of the product by its market price. ... Gross. Value Added is estimated by deducting the intermediate consumption from the value of output
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