question_answer

Find net value added at market price:
(Rs. lacs)
(i)	Fixed capital good with a life span of 5 years	15
(ii)	Raw material	6
(iii)	Sales	25
(iv)	Net change in stock	\[()\mathbf{2}\]
(v)	Taxes on production	1

           

Answer:

Value of output = sales + change in stock

\[=25+(2)\]

\[=252\]

= 23 lakh

Gross value added at market price = Value of output - intermediate goods (intermediate goods = raw material)

\[GV{{A}_{mp}}\]\[=236\]

= 17 lakh

\[NV{{A}_{mp}}=GV{{A}_{mp}}-\,\,depreciation\]

\[=17(15/5)\]

\[=17(3)\]

= 14 lakh

Net value added at market price = Rs. 14 lakh.