Value Added Approach to Measuring GDP (Gross Domestic Product)

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Hi everyone in this video I discuss the Value Added approach to measuring GDP. In a nutshell, in this approach we add up the value added at each stage of production of our final goods and services, where Value Added is defined as = Total Sales - Cost of Intermediate Inputs.
0:00 Introduction and definitions
0:32 A very abstract account of the Value Added approach
1:30 A simple example
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