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Question
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)__ |
Options
4000, 10400, 4000, 4000
4000, 10400, 4000, 4400
2000, 6000, 6000, 4400
4000, 10400, 6000, 4000
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Solution
4000, 10400, 4000, 4400
Explanation:
Value of output = Value of added + Intermediate Consumption
- Value of production (4,000) = Value added (2,000) + Intermediate consumption (2,000)
- Total value of production = 2,000 + 4,000 + 4,400 = 10400
- Value of production (Baker) = Intermediate consumption (Retailer seller) = 4,000
- Value added = 2,000 + 2,000 + 400 = 4,400
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