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Question Practice

Which of the following represents ‘Value Added’ in the production process?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
National Income Accounting
Question Bank

Which of the following represe...

Single Answer MCQ
Q-00088984

Which of the following represents ‘Value Added’ in the production process?

1

Sales from final goods

2

Total revenue from all goods

3

Sales revenue minus intermediate costs

4

Total expenses incurred

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