What ia the answer for 16 or question?

Dear Student

Answer 16 OR part

(b) 

Basis of Difference	Value of Output	Value Added
Definition	Refers to the money value of the total output produced by all the inputs so employed in the production	Refers to the money value of the additional units of output produced at each successive step of production process
Concept	Gross concept- as output so produced is considered for the whole production process	Individual concept- as only additional value that is being added to the total output at a particular production stage is considered
Formula	Value of Output = Quantity Sold × Price per unit	Value Added = Total Value of Output  –  Total Value of Intermediate Consumption

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