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    Question

    The ‘Gross Value Added ’ is calculated on the basis

    of which term?
    A National Income Correct Answer Incorrect Answer
    B Products Correct Answer Incorrect Answer
    C Services Correct Answer Incorrect Answer
    D Depreciation Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The GVA is calculated on the basis of goods produced in the country within a defined period of time. 

    GVA is basically calculated to determine gross domestic product (GDP). GDP is the monetary value of all products and services produced in the country.

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