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Calculate 'Sales' from the Following Data - Economics

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Calculate 'sales' from the following data:-

S. No. Particulars (Rs in laths)
(i) Net value added at factor cost 560
(ii) Depreciation 60
(iii) Change in stock (-)30
(iv) Intermediate cost 1000
(v) Exports 200
(vi) Indirect taxes 60
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Solution

Given that

NDPfc = 560

GDPmp = NDPfc + Indirect taxes + Depreciation

GDPmp = 560 +60 +60 =680

GDPmp = Sales + Change in stock - Intermediate cost

Sales = GDPmp - Change in stock + Intermediate cost

         = 680 - (-)30+1000 = 1710

Concept: Gross and Net Domestic Product (GDP and NDP)
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