Value added by a firm is equal to:

612 viewsDecember 14, 2023MCQs (National Income)

Anurag Pathak28.60K December 14, 2023 0 Comments

(a) Sales

(b) Profits

(d) Sales + Intermediate Consumption

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Anurag Pathak28.60K Posted December 14, 2023 0 Comments

Ans – (c)

Explanation:-

Value of output = Sales + Change in stock

If the whole quantity is sold, the change in the stock is zero

Value of Output = Sales

Value added = Value of Output – Intermediate Consumption

Value added = Sales – Intermediate Consumption

Anurag Pathak Changed status to publish December 14, 2023

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Value added by a firm is equal to:

1 Answer

Anurag Pathak

1 Answer

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