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प्रश्न
Find net value added at factor cost:
(Rs lakh)
(i) Durable use producer goods with a life span of 10 years 10
(ii) Single use producer goods 5
iii) Sale 20
(iv) Unsold output produced during the year 2
(v) Taxes on production 1
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उत्तर
Value of output = Sales + Change in stock
= 20 + 2
= Rs 22lakh
Gross value added at market price = Value of output - Intermediate consumption
= 22 - 5
= Rs 17lakh
NVAFC = GVAMP - Depreciation - Net indirect tax
= 17 - (Cost of producers goods/No. of useful life in year) - (Indirect tax - Subsidy)
= 17 - (10lakh/10) - (1 - 0)
= 17 - 1 - 1 = Rs 15lakh
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संबंधित प्रश्न
Answer the following question.
What precautions should be taken while estimating national income by value-added method? Explain.
How is microeconomics different from macroeconomics?
When calculating the national Income which of the following will not be considered?
Complete the table:
| Producer | Value of output | Intermediate Consumption |
Value Added |
| Farmer | 2,000 | - | 2,000 |
| Banker | __(i)__ | 2,000 | 2,000 |
| Retail Seller | 4,400 | (iii) | 400 |
| Total | __(ii)__ | 6,000 | __(iv)__ |
Briefly discuss any two precautions to be taken while calculating national income by the Value Added method.
With the help of a reason, explain why the following are included in calculation of National Income.
Own account production
What is Circular flow of income?
Which assumption excludes transactions with the Rest of the World in a Simple Two-Sector Economy (Basic Model)?
In the basic model, households spend all income back on which items from firms?
Which method measures national income as total factor payments made?
During which phase do households spend income on goods and services?
Which list contains all four sectors in the complete model?
What flows in the Real Flow?
What flows in the Money Flow?
Which item is a Leakage?
Which item is an Injection?
What is the effect of Leakages on the circular flow of income?
