The method which takes the summation of the total production of all firms or industries in the economy is the method.
A
consumption
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
value added
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
expenditure
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
income
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.