gross value added In A Sentence
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- If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP.
- The gross value of all sectors is then added to get the gross value added ( GVA ) at factor cost.
- Conventionally, value-added is equal to the sum of gross wage income and gross profit income.
- Net value added therefore equals gross wages, pre-tax profits net of depreciation, and indirect taxes less subsidies.
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