Question

Calculate value of output from the following data


a. Subsidy 10

b. intermediate consumption 150

c. net addition to stocks ( -13)

d. depreciation 30

e. goods and service tax 20

f. net value added at factor cost 250​

Answer 1

Answer:

Explanation:

The value of the output is computed as follows:

a.Value of output = Net value added at Factor Cost (NVAFC) + Intermediate consumption - Subsidies + Depreciation + Excise duty.

b.Putting the values above:

c.Value of output = 440.

Explanation:

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