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Question - Methods of Calculating National Income - Value Added Or Product Method

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Question

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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