Question

Calculate NVA at fc from the following :
subsidy 40
Sales 800
Depreciation 30
Exports 100
closing stock 20
opening stock 50
intermediate purchases 500
purchases of machinery for own use 200
Imports of raw materials 60​

Answer 1

Answer:

NVA at FC =₹280

Explanation:

GVO at MP= Sales + Change in stock

                  = 800 + (20-50)

                  = ₹770

GVA at MP= GVO at MP - Intermediate Purchases

                 = 770 - 500

                 = ₹270

NVA at FC = GVA at MP - Depreciation - Net Indirect Taxes

                  = 270 - 30 - (0-40)

                  = ₹280