A Firm produces goods of Rs. 1200 per year. The intermediate goods used by the firm is of worth Rs. 750. If the net value added by the firm is Rs. 400, calculate the gross value added and the consumption of the fixed capital (depreciation).
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Answer:
GVA = 450
Dep. = 50
Explanation:
gva = Output-intermediate consumption
NVA+DEP= GVA
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