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In economics, gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy. "Gross value added is the value of output minus the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the ...
Only a subset of total costs is subtracted from gross output to calculate the GOS. Essentially GOS is gross output less the cost of intermediate goods and services (to give gross value added) and less compensation of employees. It is gross because it makes no allowance for the depreciation of capital.
Starting off with Gross Output, expenditure on intermediate goods and services are deducted, to arrive at gross value added. Value added may be stated gross (equal to the net output value, including consumption of fixed capital, i.e. depreciation charges) or net (excluding consumption of fixed capital). The net operating surplus (NOS) is thus ...
Value added is a term in financial economics for calculating the difference between market value of a product or service, and the sum value of its constituents. It is relatively expressed to the supply-demand curve for specific units of sale. [1]
The sum of the gross value added in the various economic activities is known as "GDP at factor cost". GDP at factor cost plus indirect taxes less subsidies on products = "GDP at producer price". For measuring the output of domestic product, economic activities (i.e. industries) are classified into various sectors.
Maps and electoral vote counts for the 2012 presidential election. Our latest estimate has Obama at 323 electoral votes and Romney at 191.
In economics, the GDP deflator (implicit price deflator) is a measure of the money price of all new, domestically produced, final goods and services in an economy in a year relative to the real value of them.
A comprehensive list of discriminatory acts against American Muslims might be impossible, but The Huffington Post wants to document this deplorable wave of hate using news reports and firsthand accounts.