[C] - Production and value added for non-market services
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Description
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Output consists of the products created during the accounting period. The production account can be used to obtain one of the most important balancing items in the system – value added, or the value generated by any unit engaged in a production activity – and a vital aggregate: gross domestic product. Value added is economically significant for both the institutional sectors and the industries. Other non-market producers are local KAUs or institutional units whose major part of output is provided free or at not economically significant prices.
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Eurostat type of process classification
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National Account statistical compilation
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First production year
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1970
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