From the following data calculate the "Gross Value Added at Factor Cost" : Items Rs in crores (i) Sales 8000 - Economics - National Income Accounting

Question

From the following data calculate the "Gross Value Added at Factor
Cost" : Items Rs in crores (i) Sales 8000 (ii) Change in stock 100
(iii) Subsidies 200 (iii) Consumption of fixed capital 300 (iv)
Intermediate consumption 5500 (v) Rent 500

Amritpal Singh · Answer

GVO=sales+change in stock =8000+100=8100GDP at MP is equals 2GVO
minus IC equals to 8100-5500 equals to 2600 GVA at FC equals to GDP
at MP minus NIT equals to 2600-0-20 equals to 2600+200 equals to
2800

From the following data calculate the "Gross Value Added at Factor Cost" : Items Rs in crores (i) Sales 8000 (ii) Change in stock 100 (iii) Subsidies 200 (iii) Consumption of fixed capital 300 (iv) Intermediate consumption 5500 (v) Rent 500