Calculate the Gross value Added at Market price: (i) Goods and services tax 40 (ii) Consumption of fixed capital 15 (iii) Closing stock 20 (iv) Sales 700 (v) Subsidy 5 (vi) Intermediate consumption 400 (vi) Opening stock 10
Answered Feb 05, 2023
`GVA_(mp)=iv+iii-vii-vi` `=700+20-10-400` =rs 310 lakh.
Cost of Goods Sold = Opening Stock + Purchases – Purchases Returns + Carriage Inward – Closing Stock = 5,000 + 15,500 – 500 + 1,200 – 18,000 = ₹ 3,200 Gross Profit...
`NVA_(fc)=vi+iii-v-vii-ii-i` `=540+10-20-140-5-25` =rs 360 lakh.
`GVA_(mp)=ii+iv-v` `=800+(-40)-360` =rs 400lakh.
VA by X=v+i-iv-vi-ix =300+20-5-100-50 =rs 165 lakh V.A. by `Y=viii+ii-iii-vii` `=250+15-10-80` =rs 175lakh
`NVA_(fc)=ii+iv-vii-iiiv-vi+i` `=500+40-50-200-60-30+5` =rs 205 crore.
`GVA_(mp)=(i+iii+ii)+(vii)-(iv+v+vi)` `=(300+50+100)+(60)-(110+70+30)` =rs 300 lakh.
V.O.=ii+(vii-iv) `=1000+(200-200)` =rs 1000 lakhs `NVA_(fc)=V.O.-viii-vi-i+ix` `=1000-600-50-100+40` =rs 290 lakh.
`GNP_(fc)=viii+iii+(i+vi+ii-v)+vii+x.-iv` `=1500+200+(350+50+100-60)+(-10)+(-10)-50` `=1500+200+440-10-10-50` =rs 2070 crore.
`GDP_(mp)=iii+vii+(x+i)+(vi-viii)` `=500+200+(300+50)+(25-40)` `=500+200+350+(-15)` =rs 1035 crore.
(a) Production Method `GDP_(mp)=(iia-ia)+(iib-ib)+(iic-ic)` `=(1000-500)+(900-400)+(700-300)` `=500+500+400` `=rs 1,400crore. (b) Income Method `GDP_(mp)=iv+vi+v+ix+x` `=400+300+650+40+10` `=rs 1400` crore.
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