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From the following data about firm 'X', calculate gross value added at FC by it.
   

(र in thousands)

(i)

Sales

500

(ii)

Opening Stock

30

(iii)

Closing stock

20

(iv)

Purchase of intermediate products

300

(v)

Purchase of machinery

150

(vi)

Subsidy

40


Gross value added = (i) + (iii - ii) - (iv)
= 500 + (20 - 30) - 300 = 190
Gross value added at FC = 190 + 40 subsidy = 230 thousands.

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From the following data calculate GDP at MP:  

   

(र in crores)

(i)

Value of output in primary sector

2,000

(ii)

Intermediate consumption of secondary sector

800

(iii)

Intermediate consumption of tertiary sector

1,000

(iv)

Net factor income from abroad

-30

(v)

Net indirect taxes

300

(vi)

Value of output in tertiary sector

1,400

(vii)

Value of output of secondary sector

1,800

(viii)

Intermediate consumption of tertiary sector

600


Calculate value added by firm X and firm Y from the following data:
 

(र in lakhs)

(i)

Sale by firm X

100

(ii)

Sale by firm Y

500

(iii)

Purchases by households from firm Y

300

(iv)

Export by firm Y

50

(v)

Change in stock of firm X

20

(vi)

Change in stock of firm Y

10

(vii)

Imports by firm X

70

(viii)

Sales by firm Z to firm Y

250

(ix)

Purchases by firm Y from X

200

 

Calculate net value added at FC from the following:   
   

(र in lakhs)

(i)

Purchase of material

30

(ii)

Depreciation

12

(iii)

Sales

200

(iv)

Excise tax

20

(v)

Opening stock

15

(vi)

Intermediate consumption

48

(vii)

Closing stock


10

 

What precautions should be taken in estimating national income by value added method?   

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