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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
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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 ______.
Distinguish between ‘Value of Output’ and ‘Value Added’.
What concept are all domestic variants?
When calculating the national Income which of the following will not be considered?
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
