The value added approach involves adding up the value of the final product and the value of intermediate goods used in the production process.

Name: The value added approach involves adding up the value of the final product and the value of intermediate goods used in the production process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The value added approach involves adding up the value added at each stage of production, not the value of final products and intermediate goods.

The Value Added Approach Involves Adding Up the Value of the Final