Question

From the following data calculate "Net Value Added at Factor Cost".

(Items)	(Rs. in crore)
(i) Sales	500
(ii) Purchase of intermediate goods	350
(iii) Opening Stock	60
(iv) Indirect taxes	50
(v) Consumption of fixed capital	90
(vi) Imports of raw materials	85
(vii) Closing stock	80

Answer 1

NVA_FC= Sales + Change in Stock (closing stock - opening stock) - Purchase of intermediate goods - consumption of fixed captial - Indirect taxes' 

= 500 + [80-60] - 350 - 90 - 50 

=500 + 20 - 350 - 140

= 520  -  490

= Rs. 30 crore.