Please solve this I have to check my answer
Solution:
Net value added at factor cost =
NVAfc= domestic sales + exports + change in stock - imports - purchase of raw materials from firm A - purchase of raw materials from firm B - electricity charges - consumption of fixed capital - (GST - subsidy)
NVAfc = 2600 + 150 + 150 - 20 - 300 - 140 - 50 - 70 - (70 - 40)
NVA fc = 2290
Net value added at factor cost =
NVAfc= domestic sales + exports + change in stock - imports - purchase of raw materials from firm A - purchase of raw materials from firm B - electricity charges - consumption of fixed capital - (GST - subsidy)
NVAfc = 2600 + 150 + 150 - 20 - 300 - 140 - 50 - 70 - (70 - 40)
NVA fc = 2290