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Question

The method which takes the summation of the total production of all firms or industries in the economy is the method.

A
consumption
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B
value added
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C
expenditure
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D
income
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Solution

The correct option is B value added
The value-added or production method is the summation of the total production of all firms or industries in an economy. It sums up the value-addition at every stage of the production process.

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