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Question
Calculate “sales” from the following data:
|
(Rs in lakhs) |
|||||
|
(i) |
Intermediate costs |
700 |
|||
|
(ii) |
Consumption of fixed capital |
80 |
|||
|
(iii) |
Change in stock |
(−) 50 |
|||
|
(iv) |
Subsidy |
60 |
|||
|
(v) |
Net value added at factor cost |
1300 |
|||
|
(vi) |
Exports |
50 |
Solution
NVAFC = Rs 1300
GDPMP = NVAFC - Subsidies + Consumption of fixed capital
= 1300 - 60 + 80 = Rs 1320
Also, we know that:
GDPMP = Sales + Change in stock - Intermediate Cost
Sales = GDPMP - Change in stock + Intermediate Cost
= 1320 - (-50) + 700
i.e. Sales = Rs 2070
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RELATED QUESTIONS
Calculate Gross Value Added at Factor Cost:
| i | Units of output sold (units) | 1,000 |
| ii | Price per unit of output (Rs) | 30 |
| iii. | Depreciation (Rs) | 1,000 |
| iv. | Intermediate cost (Rs) | 12,000 |
| v. | Closing stock (Rs) | 3,000 |
| vi. | Opening stock (Rs) | 2,000 |
| vii. | Excise (Rs) | 2,500 |
| viii. | Sales tax (Rs) | 3,500 |
Find net value added at market price:
| (Rs lakh) | ||
| (i) | Fixed capital good with a life span of 5 years | 15 |
| (ii) | Raw materials | 6 |
| (iii) | Sales | 25 |
| (iv) | Net change in stock | (-)2 |
| (v) | Taxes on production | 1 |
Find gross value added at market price
| (Rs lakh) | ||
| (i) | Depreciation | 20 |
| (ii) | Domestic sales | 200 |
| (iii) | Net change in stocks | (-) 10 |
| (iv) | Exports | 10 |
| (v) | Single use producer goods | 120 |
Calculate ‘Sales’ from the following data:
|
(Rs in lakhs) |
|||
|
(i) |
Subsidies |
200 |
|
|
(ii) |
Opening stock |
100 |
|
|
(iii) |
Closing stock |
600 |
|
|
(iv) |
Intermediate consumption |
3,000 |
|
|
(v) |
Consumption of fixed capital |
700 |
|
|
(vi) |
Profit |
750 |
|
|
(vii) |
Net value added at factor cost |
2,000 |
|
What is the difference between planned and unplanned inventory accumulation? Write down the relation between change in inventories and value added of a firm.
Given the following data, find Net Value Added at Factor Cost by Sambhav (a farmer) producing Wheat:
| Items | (₹ in crore) | |
| i) | Sale of wheat by the farmer in the local market | 6800 |
| ii) | Purchase of Tractor | 5000 |
| iii) | Procurement of wheat by the Government from the farmer | 200 |
| iv) | Consumption of wheat by the farming family during the Year | 50 |
| v) | Expenditure on the maintenance of existing capital stock | 100 |
| vi) | Subsidy | 20 |
From the following data, calculate Net Value Added at Factor Cost (NVAFC):
| S. No. | Particulars | Amount in (₹ Crores) |
| (i) | Price per unit of output | 20 |
| (ii) | Output sold (units) | 1250 units |
| (iii) | Excise duty | 5,000 |
| (iv) | Consumption of fixed capital | 1,000 |
| (v) | Change in stock | (-) 500 |
| (vi) | Single use producer goods | 6,000 |
