An economy has only two firms A and B. On the basis of the following information about
these firms, find out:
(a) Value added by firms A and B
(b) Gross domestic product at market price.
lakhs)
0 Export by firm A
30
(ii) Import by firm A
(iii) Sales to households by firm A
(iv) Sales to firm B by firm A
(V) Sales to fimm A by firm B
40.
(vi) Sales to households by tinh B
80
Ans.(a) Value added by firm A = 80 lakh, by firm B= * 70 lakh
(b) Gross Domestic product at market price => 150 lakh
Answers
Answer:
6. I Part: (b) (i) Value of output of Firm A = Total sales + Value of unsold stock
= (Sales to Firm B + Sales to Firm C + Sales to Households) + Value of unsold stock
= (80 + 50 + 30) + 10 = `170 crore
Value of output of Firm B = Sales to Firm C + Sales to Firm D + Exports + Sales to Government
= 70 + 40 + 30 + 5 = `145 crore
(ii) Value added by Firm B = Value of output of Firm B – Purchases by Firm B from Firm A
= 145 – 80 = `65 crore
II. Part: (i) GDP by Value Added Method (Production phase)
Value added (VA) = Value of output – Intermediate consumption
VA by Firm A = 50 – 0 = `50 lakh
VA by Firm B = 200 – 50 (purchases of cotton by Firm B from Firm A) = `150 lakh
Answer:
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Explanation:
Nature includes living and non-living components that together make life on Earth possible. Some forms of nature can be seen through the lush green forests, the vast sky above us, the oceans without an end, the mountains standing tall and so on. Nature nourishes the survival needs of plants, animals and humans alike. It provides the essential components of oxygen, sunlight, soil and water.
Several other products are obtained indirectly from nature which includes timber, paper, medicinal herbs, fibers, cotton, silk and various kinds of food. To fulfill the demand for these products, human beings have now engaged in the slaughter of trees and the destruction of nature. Different industries also poison nature with harmful gases and chemicals in addition to using excessive natural resources.