Gross value added (GVA)

Definition

The value that producers add to goods and services. It is used to measure the output of an economy or sector.

Used by OCR

Specification 7.1c · Paper 2, Paper 3

Output here is measured using gross value added, or GVA.
Revise: Economic Changes

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GCSE Geography · key term

The value that producers add to goods and services. It is used to measure the output of an economy or sector.

Used by OCR

Specification 7.1c · Paper 2, Paper 3

Output here is measured using gross value added, or GVA.
Revise: Economic Changes

Create a free account to read GCSE Geography revision notes for your exam board and track your progress.