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Calculate Net Value Added at Factor Cost, from the following data(i) Consumption of fixed Capital = 600(ii) Import Duty = 400(iii) Output Sold = 2000(iv) Price Per Unit of Output = 10(v) Net Change in Stocks = (-) 50(vi) Intermediate Cost = 10000(vii) Subsidy = 500 |
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Answer» Sales = Output Sold x Price Per Unit =2000 x 10 = Rs 20000. Now, Value of Output = Sales + Change in Stocks = 20000 + (-50) = Rs 19950. $GV{{A}{MJ}}$ = Value of Output - Intermediate Cost = Rs (19950 - 10000) = Rs 9950. Hence, NVAFC = $GV{{A}{MP}}$ - Consumption of Fixed Capital - Net Indirect Tax (Import duty - Subsidy) = 9950 -600 - (400 - 500) (Where Net Indirect Tax = Import duty - Subsidies) $NV{{A}{FC}}$= Rs 19450. |
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