From the following data about a firm ‘X’ calculate gross value add

1.	From the following data about a firm ‘X’ calculate gross value added at factor cost by itParticular₹ in croresSales500Opening stock30Closing stock20Purchase of intermediate products300Purchase of machinery150Subsidy40
Answer» Gross value added at factor cost = Sales + (Closing stock – Opening stock) – Purchase of intermediate products + subsidy = 500+ (20-30) – 300 +40 = ₹230 thousand

From the following data about a firm ‘X’ calculate gross value added at factor cost by itParticular₹ in croresSales500Opening stock30Closing stock20Purchase of intermediate products300Purchase of machinery150Subsidy40

Answer»

Gross value added at factor cost

= Sales + (Closing stock – Opening stock) – Purchase of intermediate products + subsidy

= 500+ (20-30) – 300 +40

= ₹230 thousand