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Values added and gross income generated from domestic production in an industry or sector (or in total for all industries/sectors), derived and defined as output less intermediate consumption. Value added is published in basic prices, i.e. subsidies on products are included, whereas VAT and other taxes on products are not (see basic price). In general government and other non-market activities, value added is compiled as sum of compensation of employees, net taxes on production (taxes on production less subsidies on production) and consumption of fixed capital.