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0 votes
65.7k views
in Economics by (76.1k points)

 Calculate sales from the following:

(i) Subsidies  200
(ii) Opening stock 100
(iii) Closing Stock 600
(iv) Intermediate consumption 3000
(v) Consumption of fixed capital  700
(vi) Profit 750
(vii) NVA fc  2000 

1 Answer

+1 vote
by (74.3k points)
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Best answer

GVAmp = NVA fc + Dep + NIT 

 = 2000 +700 + ( 0 – 200) 

 = 2500

GVAmp = Sales = change in stock – IC

2500 = Sales + ( 600 – 100 ) – 3000 

2500 = Sales – 2500 

 Sales = 5000

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