a) Given the following data, find Net Value Added at Factor Cost by Sa

1.	a) Given the following data, find Net Value Added at Factor Cost by Sambhav (a farmer) producing Wheat:Items(₹ in crore)i) Sale of wheat by the farmer in the local market6800ii) Purchase of Tractor5000iii) Procurement of wheat by the Government from the farmer200iv) Consumption of wheat by the farming family during the Year50v) Expenditure on the maintenance of existing capital stock100vi) Subsidy20b) State any two components of ‘Net Factor Income from Abroad’.
Answer» a) Net Value Added at Factor Cost (NVA @ FC) = (i)+(iii)+(iv)+(vi)-(v) = ₹6800+₹200+₹50+₹20-₹100 = ₹6,970crore b) Component of net factor income from abroad are: i. Net compensation of employees ii. Net income from property and entrepreneurship iii. Net retained earnings of resident companies abroad

a) Given the following data, find Net Value Added at Factor Cost by Sambhav (a farmer) producing Wheat:Items(₹ in crore)i) Sale of wheat by the farmer in the local market6800ii) Purchase of Tractor5000iii) Procurement of wheat by the Government from the farmer200iv) Consumption of wheat by the farming family during the Year50v) Expenditure on the maintenance of existing capital stock100vi) Subsidy20b) State any two components of ‘Net Factor Income from Abroad’.

Answer»

a) Net Value Added at Factor Cost (NVA @ FC)

= (i)+(iii)+(iv)+(vi)-(v)

= ₹6800+₹200+₹50+₹20-₹100

= ₹6,970crore

b) Component of net factor income from abroad are:

i. Net compensation of employees

ii. Net income from property and entrepreneurship

iii. Net retained earnings of resident companies abroad

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