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in Economics by (106k points)

Find Net Value Added at Factor Cost:

(Items) (Rs.in crore)
(i) Intermediate Costs 15000
(ii) Output sold (units) 9000
(iii) Price per unit of output 4
(iv) Consumption of Fixed Capital 2000
(v) Excise Duty 4000
(vi) Change in Stock (-) 1000

1 Answer

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Best answer

NVAFC = (ii x iii) + (vi) - (i) - (v)- (iv) 

= [Output x Price] + [Change in Stock] - [Intermediate Cost] - [Excise Duty] + [Consumption of Fixed CaPital] 

= [9,000 x 4] + [- 1,000] - [15,000] - [4,000] - [2,000] 

= 36,000 - 1,000 - 15,000 - 4,000 - 2,000 

= 36,000 - 22,000 

NVAFC = Rs.14,000 crore

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