question_answer

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)

\[=(2,000\times ~20)+(-500)-15,000+3,000\]

\[=40,000+3,000-15,500=Rs.\text{ }27,500\]