The value of all final goods and services produced within a country during a particular year is called ……………
A) Gross National Product
B) Net National Product
C) Per Capita Income
D) Gross Domestic Product
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Calculate the Net Value Added at Factor Cost: (i) Goods and services tax 25 (ii) Consumption of ifxed capital 5 (iii) Closing stock 10 (iv) Corporate
`NVA_(fc)=vi+iii-v-vii-ii-i` `=540+10-20-140-5-25` =rs 360 lakh.
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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
`GVA_(mp)=iv+iii-vii-vi` `=700+20-10-400` =rs 310 lakh.
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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) Ope
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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The process of integration of national economy with world through cross country information, ideas, technologies, goods, services and people.
Globalization
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In barter transactions, goods or services are purchased for other goods or services.
This statement is True. Barter means exchange of goods or services for goods or services. No money is involved in barter transactions.
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If 1000 kgs of rice is sold at Rs. 30 kg and 3000 coconuts are sold at Rs. 10 each, then the total value of goods and services comes out to be?
Correct option is B) Rs. 60, 000
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a) Total value of goods but not services. b) It records the market value
Correct option is C) b & c
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A) Sum of all final goods and services in a decade
B) Sum of values of all final goods and services produced in a country in a year
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i. Flow of trade in goods and services is a type of movement within international ecomomic exchange.
Correct option is B) i & iii
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Distinguish between Final Goods and Intermediate Goods.
Final goods refer to those goods which are used either for final consumption or for investment purposes. Whereas Intermediate goods refer to those goods which are used either for resale...
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