Question

Calculate Gross Value Added at Factor Cost.

S.No.	Contents	Rs(in crore)
(i)	Units of Output Sold(units)	1000
(ii)	Price Per Unit of Output	30
(iii)	Depreciation	1000
(iv)	Intermediate Cost	12000
(v)	Closing Stock	3000
(vi)	Opening Stock	2000
(vii)	Excise	2500

Answer 1

Sales = Units of Output sold x Price Per Unit of Output
=1000 x 30 = ? 

30000 crore Value of Output = Sales + Change in Stock = 30000 + (3000 - 2000) = Rs 31000 crore 

Hence, GV{{A}{PC}} = Value of Output - Intermediate Cost - Net Indirect Taxes (Excise + Sales Tax) = 31000 -12000 - (2500 + 3500)

GV{{A}{PC}} = Rs 13000 crore