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Calculate GVAfc

(i) Units of output sold1000
(ii) Price per unit of outpu30
(iii) Depreciation1000
(iv) Intermediate cost 12,000
(v) Closing Stock 3000
(vi) Opening stock 2000
(vii) Excise duty 2500
(viii) Sales tax3500

1 Answer

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Best answer

GVOmp = sales + change in stock 

 = (1000 x 30) + ( 3000 – 2000) 

 = 30000 + 1000 

= 31000 GVAfc = GVOmp – IC - NIT 

 = 31000 – 12000 - 6000 

GVAfc = 13000 

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