Calculate (a) Value of output and (b) Net value added at factor cost from the following data: (i) Goods and services tax 100 (ii) Sales 1000 (iii) Ope

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Calculate (a) Value of output and (b) Net value added at factor cost from the following data:
(i) Goods and services tax 100
(ii) Sales 1000
(iii) Operating surplus 60
(iv) Opening stock 200
(v) Consumption of fixed capital 50
(vi) Closing stock 200
(vii) Intermediate cost 600
(viii) Subsidies 40


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Salim Ahmed Kawsar

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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.

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Prove that `^100 C_2^(100)C_2+^(100)C_2^(100)C_4+^(100)C_4^(100)C_6++^(100)C_(98)^(100)C_(100)=1/2[^(200)C_(98)-^(100)C_(49)]dot`

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