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fgiga [73]
2 years ago
7

Briefly explain the term gross value added at basic prices ​

Business
1 answer:
CaHeK987 [17]2 years ago
7 0

Gross value added (GVA) is defined as output (at basic prices) minus intermediate consumption (at purchaser prices); it is the balancing item of the national accounts' production account. GVA can be broken down by industry and institutional sector.

hope this helped, good luck <3

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