Question

Calculate Gross Value Added at Factor Cost

	(Contents)	(Rs.In crore)
(i)	Units of Output Sold	1000
(ii)	Price Per Unit of Output	30
(iii)	Depreciation	1000
(iv)	lntemediate Cost	12000
(v)	Closing Stock	3000
(vi)	Opening Stock	2000
(vii)	Excise	2500
(viii)	Sales Tax	3500

Answer 1

GVA_FC = (i x ii) + (v) -(vi) - (iv) - (vii) - (viii)

= (1000 x 30) + 3000 - 2000 - 12000 - 2500 - 3500

= Rs.13000 crore.