Value-added means value of-a)goods and services less cost of intermediate goods and servicesb)output at factor costc)output at market pricesd)goods and services less depreciationCorrect answer is option 'A'. Can you explain this answer?

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Value-added means value of-

a)
goods and services less cost of intermediate goods and services
b)
output at factor cost
c)
output at market prices
d)
goods and services less depreciation

Correct answer is option 'A'. Can you explain this answer?

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Verified Answer

Value-added means value of-a)goods and services less cost of intermed...

Value addition or value-added is the difference between the value of output and intermediate cost. Value of output refers to the market value of goods and services produced by a firm in a given accounting period. Intermediate cost occurs because of intermediate consumption.

Hence the option A is correct.

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Most Upvoted Answer

Value-added means value of-a)goods and services less cost of intermed...

Value-added is calculated by subtracting the cost of intermediate goods and services from the total value of goods and services produced. This calculation gives us the value that has been added at each stage of production, hence the term "value-added."

- Calculation:
- Value-added = Value of goods and services - Cost of intermediate goods and services

This measure is important as it helps in understanding the contribution of each stage of production to the overall value of the final product. It also shows the economic impact of different sectors within an economy.

- Significance:
- Helps in assessing the efficiency of production processes
- Indicates the value created by each sector of the economy
- Useful for analyzing economic growth and productivity

By focusing on value-added, businesses can identify areas where they can improve efficiency, reduce costs, and increase profitability. It also provides valuable insights for policymakers looking to promote economic development and competitiveness.

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Value-added means value of-a)goods and services less cost of intermediate goods and servicesb)output at factor costc)output at market pricesd)goods and services less depreciationCorrect answer is option 'A'. Can you explain this answer?

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