Value-added refers to

Value-added refers to

Q. Value-added refers to:-

  1. production of durable goods
  2. output – intermediate consumption
  3. production of non-durable goods
  4. expenditure on intermediate goods

Answer: output – intermediate consumption

national income mcqs
Gkseries: Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. & other graduate and post-graduate exams. Learn more on about us page