Difference between revisions of "Gross Value Added"
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[[Category:The Cultural Diplomacy Dictionary]] | [[Category:The Cultural Diplomacy Dictionary]] | ||
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| + | == External links and references == | ||
| + | *[http://www.ons.gov.uk/ons/guide-method/method-quality/specific/economy/national-accounts/gva/index.html| Guide to Gross Value Added (GVA)] | ||
| + | *[http://www.investopedia.com/terms/g/gross-value-added.asp| Definition of 'Gross Value Added - GVA'(Investopedia)] | ||
| + | *[http://www.ons.gov.uk/ons/guide-method/method-quality/specific/economy/national-accounts/gva/relationship-gva-and-gdp/gross-value-added-and-gross-domestic-product.html| The relationship between Gross Value Added (GVA) and Gross Domestic Product (GDP)] | ||
Latest revision as of 15:33, 3 April 2014
Gross Value Added[edit]
Gross Value Added (GVA) is a measure in economics that refers to the grand total of all revenues compiled from a country’s production of goods and services minus any intermediate consumption. The GVA is calculated by adding the Gross Domestic Product and subsidies received while subtracting the taxes paid. The GVA is used to cover expenses such as wages, salaries and dividends, savings and indirect taxes.
