question_answer

Calculate Gross Value Added at Factor Cost:
(i)	Units of output sold (units)	1,000
(ii)	Price per unit of output (Rs.)	30
(iii)	Depreciation (Rs.)	1,000
(iv)	Intermediate cost (Rs.)	12,000
(v)	Closing stock (Rs.)	3,000
(vi)	Opening stock (Rs.)	2,000
(vii)	Excise (Rs.)	2,500
(viii)	Sales tax (Rs.)	3,500

Answer:

Gross Value Added at Factor cost (\[GV{{A}_{FC}}\]) = Total Value of Sales + Change in Stock - Intermediate Consume

\[GV{{A}_{FC}}\] (or\[GD{{P}_{FC}}\]) \[=(1000\times 30)+(3000-2000)-12000-(3500+2500)\]

Or, \[GV{{A}_{FC}}\] = Rs. 13,000