{"iri":"https://lexicon.financial/business/bea/ValueAdded","label":"Value added","definition":"The gross output of an industry or a sector less its intermediate inputs ; the contribution of an industry or sector to gross domestic product (GDP) . Value added by industry can also be measured as the sum of compensation of employees , taxes on production and imports less subsidies , and gross operating surplus .","license":"https://www.usa.gov/government-copyright","source":"bea","source_url":"https://www.bea.gov/help/glossary/value-added"}