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🏫 Board📈 Economics

To arrive at the value of Net Value Added at Market Price (NVA MP ), _________ must be _________ to/from Gross Value Add…

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To arrive at the value of Net Value Added at Market Price (NVAMP), _________ must be _________ to/from Gross Value Added at Market Price (GVAMP).
(Choose the correct option to fill in the blanks)

a

depreciation, added

b

depreciation, subtracted

c

net indirect taxes, subtracted

d

net indirect taxes, added

✓ Correct answer: b)

depreciation, subtracted

Explanation

To convert a gross value (GVAMP) to a net value (NVAMP), depreciation must be subtracted.

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