The value added for a nation equals

A) all goods and services less the intermediate goods used in production.
B) the market value of all products and services less the market value of all intermediate goods.
C) input costs plus the value of intermediate goods.
D) the market value of intermediate goods less the value of all goods and services.

Value Added

The increase in worth of a product or service as a result of a particular process, excluding the cost of initial raw materials.

Intermediate Goods

Products used as inputs in the production of final goods, such as raw materials or components, not sold directly to end consumers.

Market Value

The prevailing rate at which a good or service is available for purchase or sale in the open market.