A
The measure of total output and income in the economy after deducting intermediate consumption.
B
The total tax revenue collected by the central government after accounting for subsidies.
C
The aggregate value of all foreign direct investments received in the services sector.
D
The net high-frequency indicator tracking monthly retail inflation.
Correct answer: (a) The measure of total output and income in the economy after deducting intermediate consumption.
Explanation
Option A is correct because GVA measures total output and income in the economy after deducting intermediate consumption. Options A, C, and D describe entirely different economic metrics.
Same topic · past papers
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