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| Definition Of: |
value added
The value of output less the value of intermediate consumption. The gross value added at basic prices is defined in the ESA 95 as the output valued at basic prices less intermediate consumption valued at purchaser prices, before deduction of consumption of fixed capital.
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
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European Central Bank Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 A: Page 1 of 2.
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