Find Gross Value Added at Factor Cost: | ||
(i) | Unit of output sold | 2,000 |
(ii) | Price per unit of output (Rs) | 20 |
(iii) | Depreciation (Rs) | 2,000 |
(iv) | Change in stock (Rs) | (-) 500 |
(v) | Intermediate costs (Rs) | 15,000 |
(vi) | Subsidy (Rs) | 3,000 |
Answer:
Gross Value Added at Factor Cost = (Units of output sold \[\times \] Price per unit of output) + Change in stock - Intermediate costs + Subsidy = [(i) \[\times \] (ii)] + (iv) - (v) - (vi) \[=(2,000\times ~20)+(-500)-15,000+3,000\] \[=40,000+3,000-15,500=Rs.\text{ }27,500\]
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