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in Economics by (106k points)

Find Gross Value Added at Factor Cost:

(Items) (Rs.in crore)
(i) Import Duty 1000
(ii) Excise 2000
(iii) Output Sold (units) 6000
(iv) Price per unit of output 6
(v) Change in Stock 600
(vi)  Intermediate Cost 16000
(vii)  Subsidy 500

1 Answer

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Best answer

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

= [Output x Price] + [Change in Stock] - [Intermediate Cost] + [Subsidy] - [Import Duty - Excise] 

= [6,000 x 6] + [600] - [16,000] + [500] - [1,000] - [2,000] 

= [36,000 + 600 + 500] - [16,000 - 1,000 - 2,000] 

= [137100) - [19,000] 

GVAFC = Rs.18,100 crore.

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