HomeTestsSearchRankProfile
mediumMCQStaff Selection Commission2026Economics
1 mark

In Economics, the term that is used to denote the net contribution made by a firm is called its:

  1. A
    net value
  2. B
    contribution value
  3. C
    firm value
  4. D
    value added

Solution & Step-by-step Explanation

In National Income Accounting, 'Value Added' refers to the net contribution made by an individual firm to the production process. It is computed as the total value of production minus the value of intermediate goods used up in the process.

Practice this question

Try it yourself before checking the explanation above.

In Economics, the term that is used to denote the net contribution made by a firm is called its:
A
net value
B
contribution value
C
firm value
D
value added

Share This Question

National Income AccountingMicroeconomicsProduction

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Economics.

Browse TestsLeaderboard

Discussion