Value Added Method • Unlike final product method, the value added method does not take the

final
market value of goods. In the process of production, there are many stages. Value Added Method only
takes the added value in each stage of production and adds them all to come to a single GDP figure. This
method is used to avoid the problem of double counting. Value addition means the addition of the value
of raw materials and other inputs in the process of production. Net value added is the difference
between the value of output and intermediate good