Read the following text and answer:

There is an oil refinery which refines crude petroleum and sells it in the market. The output of the refinery is the amount of oil it refines. We can estimate the value added of the refinery by deducting the value of intermediate good used by the refinery from the value of its output. The value added of the refinery will be counted as part of the GDP of the economy. But in carrying out the production the refinery may also be polluting the nearby river. This may cause harm to the people who use the water of the river. Hence their well being will fall. Pollution may also kill fish or other organisms of the river on which fish survive.

 Value of output - intermediate cost

As mentioned in the above paragraph, 

We can estimate the value added by the refinery by deducting the value of intermediate goods used by the refinery from the value of its output. Thus, we can say:

Value added by the oil refinery =  Value of output - intermediate cost