GDP can be calculated by summing up the "value added" at every stage of production.

Question

Quizplus · Accepted Answer

This is correct. GDP can be calculated by adding up the value of all final goods and services produced within a country's borders in a given time period. One method to determine this value is by summing up the "value added" at every stage of production, which is the increase in the value of goods or services that occurs at each stage of the production process.

GDP Can Be Calculated by Summing Up the "Value Added