Which of the following formulas is corre

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Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

Which of the following formulas is correct for Gross Value Added?

Options:

Gross Value Added = Gross National Product – Subsidies + Taxes

Gross Value Added = Gross Domestic Product – Subsidies + Taxes

Gross Value Added = Gross National Product + Subsidies – Taxes

Gross Value Added = Gross Domestic Product + Subsidies – Taxes

Correct Answer:

Gross Value Added = Gross Domestic Product + Subsidies – Taxes