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Standardised methods to determine total economic activity value
Value added at each stage of production across all sectors
Primary (agriculture), Secondary (manufacturing), Tertiary (services)
Income earned by owners of factors of production
C+G+I+(X−M)C + G + I + (X - M)C+G+I+(X−M)
GDP + Primary income from abroad - Primary income to abroad
Domestic: location of activity; National: ownership of factors
Adjusted for inflation using constant prices from a base year
Calculated using current prices, include effects of inflation
GVA + Taxes on products - Subsidies on products
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