What is value added approach
Answers
Answered by
2
Explanation:
Value Added Approach To Gnp. ... The money value of final goods and services produced at current prices during a year is taken into account. This is one of the ways to avoid double counting. The difference between the value of material outputs and input at each stage of production is called the value added.
Answered by
1
The measurement of GDP as the sum of the value added by each industry at each stage of production.
Similar questions