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    Question

    What is the name given to the difference between value of output and value added?

    A Depreciation Correct Answer Incorrect Answer
    B Intermediate consumption Correct Answer Incorrect Answer
    C Net indirect taxes Correct Answer Incorrect Answer
    D Subsidies Correct Answer Incorrect Answer

    Solution

    The difference between value of output and value added is intermediate consumption which is included in value of output but excluded from value added. Intermediate consumption means expenditure incurred on secondary inputs like raw material, power, etc. by a producing unit.

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