Value added refers to which of the following? Option 1: Production of durable goods. Option 2: Value of output - intermediate consumption. Option 3: Production of non durable goods. Option 4: Expenditure on intermediate goods.

The answer is 'Value of output - intermediate consumption.'. View full solution:

CUET Economics - Value added refers to which of the following? | PYQs + Solutions

CUET Economics 2025 3 June Shift 1

Macro

Easy

Production of durable goods.

Value of output - intermediate consumption.

Production of non durable goods.

Expenditure on intermediate goods.

✅ Correct Option: 2

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