From the following, find the right sequence for measuring National Income by Value Added Method:

(A) Subtract the value of depreciation and net indirect taxes and add net factor income from abroad to arrive at national income.
(B) Estimate the sum total value of output in the primary, secondary and tertiary sectors in the economy.
(C) Estimate the value added of each sector by subtracting intermediate consumption from the value of output for every sector.
(D) Calculate gross value added as the sum of value added of the three sectors.

(B), (C), (D), (A)

The correct answer is Option (2) → (B), (C), (D), (A)

(B) Estimate the sum total value of output in the primary, secondary and tertiary sectors in the economy. This is the first step—identifying the total output produced in each sector.

(C) Estimate the value added of each sector by subtracting intermediate consumption from the value of output for every sector. This gives the net contribution of each sector to the economy.

(D) Calculate gross value added as the sum of value added of the three sectors. This provides the Gross Value Added (GVA) at market price for the entire economy.

(A) Subtract the value of depreciation and net indirect taxes and add net factor income from abroad to arrive at national income. This converts GVA at market price to Net National Income at factor cost, which is the final measure of national income.