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Assertion the value of final goods already include the value of all intermediate goods that are use in making the final goods reason the value of final goods and services produced in each sector during particular year provides the net production of the sector?
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Assertion the value of final goods already include the value of all in...
Explanation:

The value of final goods already includes the value of all intermediate goods that are used in making the final goods. This means that the final goods are a reflection of the value of all the goods used in the production process. The value of intermediate goods is not included separately because it is already accounted for in the value of final goods.

Net Production of the Sector:

The value of final goods and services produced in each sector during a particular year provides the net production of the sector. This is because the value of final goods represents the total output of the sector after accounting for all the intermediate goods used in the production process.

Example:

For example, consider the production of a car. The value of the final car includes all the intermediate goods used in the production process, such as steel, rubber, and electronics. This means that the value of the steel, rubber, and electronics is already accounted for in the value of the final car.

If we look at the value of the final car, we can determine the net production of the automotive sector. The value of the final car includes the value of all the intermediate goods used in the production process. Therefore, the value of the final car provides a measure of the net production of the automotive sector.

Conclusion:

In conclusion, the value of final goods already includes the value of all intermediate goods that are used in making the final goods. The value of final goods and services produced in each sector during a particular year provides the net production of the sector. This means that the final goods are a reflection of the value of all the goods used in the production process.
Community Answer
Assertion the value of final goods already include the value of all in...
Both assertion and reason are true and reason is the correct explqination of A
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Read the extract given below and answer the questions that follows:There are many activities that are undertaken by directly using natural resources. When we produce a good by exploiting natural resources, it is an activity of the primary sector. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. The various production activities in the primary, secondary and tertiary sectors produce a very large number of goods and services. Also, the three sectors have a large number of people working in them to produce these goods and services. The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. GDP shows how big the economy is.Q. Which of the following statement is not true?

Read the extract given below and answer the questions that follows:There are many activities that are undertaken by directly using natural resources. When we produce a good by exploiting natural resources, it is an activity of the primary sector. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. The various production activities in the primary, secondary and tertiary sectors produce a very large number of goods and services. Also, the three sectors have a large number of people working in them to produce these goods and services. The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. GDP shows how big the economy is.Q. Production of a commodity, mostly through ways of manufacturing is an activity of which sector?

Read the extract given below and answer the questions that follows:There are many activities that are undertaken by directly using natural resources. When we produce a good by exploiting natural resources, it is an activity of the primary sector. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. The various production activities in the primary, secondary and tertiary sectors produce a very large number of goods and services. Also, the three sectors have a large number of people working in them to produce these goods and services. The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. GDP shows how big the economy is.Q. Match the following list of occupations with their sectors

Read the extract given below and answer the questions that follows:There are many activities that are undertaken by directly using natural resources. When we produce a good by exploiting natural resources, it is an activity of the primary sector. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. The various production activities in the primary, secondary and tertiary sectors produce a very large number of goods and services. Also, the three sectors have a large number of people working in them to produce these goods and services. The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. GDP shows how big the economy is.Q. Which of the following is an example of tertiary activities?

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Assertion the value of final goods already include the value of all intermediate goods that are use in making the final goods reason the value of final goods and services produced in each sector during particular year provides the net production of the sector?
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Assertion the value of final goods already include the value of all intermediate goods that are use in making the final goods reason the value of final goods and services produced in each sector during particular year provides the net production of the sector? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Assertion the value of final goods already include the value of all intermediate goods that are use in making the final goods reason the value of final goods and services produced in each sector during particular year provides the net production of the sector? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion the value of final goods already include the value of all intermediate goods that are use in making the final goods reason the value of final goods and services produced in each sector during particular year provides the net production of the sector?.
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