Question

1. Calculate Gross Value Added at Factor Cost: Items (i) Units of output sold (units) 1,000 (ii) Price per unit of output (F) 30 (iii) Depreciation (E) (iv) Intermediate cost () (v) Closing stock () 1,000 12,000 3,000 (vi) Opening stock ) 2,000 (vii) Excise () CSSKAnnedeyhkmScanner 2,500 3,500​

Answer 1

Answer:

Calculation of Gross Value Added:GAV at factor cost = Total value of sales + change in stock – intermediate ... (i), Units of output sold ( units), 1000 ... Final Goods and Intermediate Goods.

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