Question : Calculate ‘Sales’ from the following data:
Net value added at factor cost = 560, Depreciation = 60, Change in stock = (-) 30, Intermediate cost = 1000, Exports = 200, Indirect taxes = 60
Option 1: 1700
Option 2: 1705
Option 3: 1710
Option 4: 1715
Correct Answer: 1710
Solution : The correct answer is (c) 1710
To calculate Sales, we can use the following formula:
Sales = Net Value Added at factor cost + Depreciation + Indirect taxes - (-Change in stock) + Intermediate cost
Given the data:
Net Value Added at factor cost = 560
Depreciation = 60
Change in stock = (-) 30
Intermediate cost = 1000
Exports = 200
Indirect taxes = 60
Sales = 560 + 60 + 60 - (-30) + 1000
Sales = 1710
Therefore, the value of Sales is 1710
Subsidies = 200, Opening stock = 100, Closing stock = 600, Intermediate consumption = 3000, Consumption of fixed capital = 700, Profit = 750, Net value added at factor cost = 2000
Question : What is the basic difference in the aggregates at market price and factor cost?
Question : Calculate ‘Intermediate Consumption’ from the following data
Gross value output = 300, Net value added at factor cost = 100, Subsidies = 15, Depreciation = 30
Question : NNP at FC= GNP at MP - Depreciation - ___________________.
Question : Factor cost + ________________________ = Market price.
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