Question

3. Calculate Net Value added at Factor Cost from the following data:
(i) Output sold (units) 800
(ii) Intermediate cost. 8000
(iii) Excise. 1600
(iv) Subsidy. 250
(v) Import duty. 300
(vi) Fall in stocks
(vii) Consumption of fixed500 capital
(viii) Price per unit of output
300
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Answer 1

Answer:

Net Value added at factor cost=sales +change in stock-purchase of intermediate goods-depreciation-net indirect tax