Question

calculate Gross value added at factor cost. (I) units of output sold (units) 1,000.(ii)price per unit of output 30(iii)Depreciation1,000(iv)intermediate cost 12,000(v)closing stock 3,000(vi)opening stock 2,000(vii)Excise duty2,500 (viii) sales tax 3,500​

Answer 1

sales = Units of output × price per unit of output

sales = 1000× 30

sales = 30,000

change in stock = Closing stock - opening stock

= 3000-2000

= 1000

Value of output = Sales + Change in stock

= 30,000+ 1000

= 31,000

GVA at Fc =. value of output - Intermediate cost - Net indirect tax

= 31,000-12,000-(2,500-3,500)

= 16,500

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Answer 2

Answer:

(I) units of output sold (units) - 1,000

(ii)price per unit of output - 30

(iii)Depreciation - 1,000

(iv)intermediate cost - 12,000

(v)closing stock - 3,000

(vi)opening stock - 2,000

(vii)Excise duty - 2,500

(viii) sales tax - 3,500

GVA = TVS + change in stock - intermediate consumption - net indirect tax

= (1,000 × 30) + (3,000 - 2,000) - 12,000 - (3,500 + 2,500)

= 30,000 + 1,000 - 12,000 - 6,000

= 31,000 - 18,000

= 13,000