Question

Calculate "Net Value Added at Factor Cost" From the following data :

(Items)	(Rs.in lakh)
(i) Intermediateconsumption	300
(ii) Change in stock	50
(iii) Net indirect tares	70
(iv) Sales	500
(v) Consumption of fixed capital	20
(vi) Imports	40

Answer 1

NVA_FC  = (iv) + (ii) - (i) - (iii) - (v)

or 

= Sales f Change in stock - Intermediate consumption - Net direct taxes - Consumption of fixed capital

= 500 + 50 - 300 - 70 - 20

= 550 - 390

NVA_FC = Rs. 160 lakh.