gross value

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Definition of gross value in English English dictionary

gross value added
– the difference between gross output and intermediate inputs Gross outputs of a production unit during a given period is equal to the gross value of the goods and services produced during the period and recorded at the moment they are produced, regardless of whether or not there is a change of ownership Intermediate inputs refer to the value of goods and services used in the production process during the accounting period
gross value added
Output minus intermediate consumption
gross value added
the value of final output net of intermediate input
gross value added
(GVA)
gross value

    Hyphenation

    Gross val·ue

    Turkish pronunciation

    grōs välyu

    Pronunciation

    /ˈgrōs ˈvalyo͞o/ /ˈɡroʊs ˈvæljuː/

    Etymology

    [ 'grOs ] (adjective.) 14th century. Middle English, from Middle French gros thick, coarse, from Latin grossus.
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