Advertisements
Advertisements
प्रश्न
Find net value added at factor cost:
(Rs lakh)
(i) Durable use producer goods with a life span of 10 years 10
(ii) Single use producer goods 5
iii) Sale 20
(iv) Unsold output produced during the year 2
(v) Taxes on production 1
उत्तर
Value of output = Sales + Change in stock
= 20 + 2
= Rs 22lakh
Gross value added at market price = Value of output - Intermediate consumption
= 22 - 5
= Rs 17lakh
NVAFC = GVAMP - Depreciation - Net indirect tax
= 17 - (Cost of producers goods/No. of useful life in year) - (Indirect tax - Subsidy)
= 17 - (10lakh/10) - (1 - 0)
= 17 - 1 - 1 = Rs 15lakh
APPEARS IN
संबंधित प्रश्न
Explain the precautions that are taken while estimating additional income by the value-added method.
Answer the following question.
What precautions should be taken while estimating national income by value-added method? Explain.
Define the following: Value Addition
How is microeconomics different from macroeconomics?
National income is equal to ______.
To include the value of goods or services more than one time while calculating National Income is called:
Distinguish between ‘Value of Output’ and ‘Value Added’.
Which of the following will be excluded when one calculating National Income through the Value Added Method?
When calculating the national Income which of the following will not be considered?
Statement 1: AP can take positive values only.
Statement 2: TP can take negative values only.
Complete the table:
| Producer | Value of output | Intermediate Consumption |
Value Added |
| Farmer | 2,000 | - | 2,000 |
| Banker | __(i)__ | 2,000 | 2,000 |
| Retail Seller | 4,400 | (iii) | 400 |
| Total | __(ii)__ | 6,000 | __(iv)__ |
Briefly discuss any two precautions to be taken while calculating national income by the Value Added method.
Calculate National Income and operating Surplus from the following data:
| PARTICULARS | (₹crores) | |
| (i) | Government final consumption expenditure | 900 |
| (ii) | Net factor income from abroad | 210 |
| (iii) | Private final consumption expenditure | 1000 |
| (iv) | Net domestic capital formation | 300 |
| (v) | Profits | 320 |
| (vi) | Rent | 190 |
| (vii) | Net exports | (-) 75 |
| (viii) | Interest | 200 |
| (ix) | Net indirect taxes | 265 |
With the help of a reason, explain why the following are included in calculation of National Income.
Goods supplied free of cost by the government.
With the help of a reason, explain why the following are included in calculation of National Income.
Own account production
