Pls answer this.....

Dear Student
Net value added at factor cost = Sales- intermediate consumption - net indirect taxes- depreciation -indirect taxes + subsidies
                                                = 360000-23500+1500
                                                 = Rs 338000

intermediate goods = procurement of rice by government + consumption of rice by farmers family +                                                       expenditure  on maintenance of closing stock
                                = 12000+4000+7500
                                 = 23500

Regards

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