Saved Bookmarks
| 1. |
Calculate 'sales' from the following data : `{:(,"(Rs in lakhs)"),("Intermediate costs",700),("Consumption of fixed capital",80),("Change in stock",(-)50),("Subsidy",60),("Net value added at factor cost",1300),("Exports",50):}` |
|
Answer» `NVA_(FC) = Rs 1,300` `GDP_(MP) = NVA_(FC)`- Subsidies + Consumption of fixed capital `= 1,300 - 60 + 80 = Rs 1,320` Also we know that: `GDP_(MP)=` Sales + Change in stock - Intermediate Cost Sales = `GDP_(MP)-` Change in stock + Intermediate Cost `= 1,320 - (-50) + 700` i.e. Sales = Rs 2,070 lakhs |
|