From thefollowing data calculate the "Gross Value Added at Factor Cost" : Items Rs in crores (i) Sales 8000 (ii) Change in stock 100 (iii) Subsidies 200 (iii) Consumption of fixed capital 300 (iv) Intermediate consumption 5500 (v) Rent 500
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Explanation:
Gross value added at factor cost
=sales+change in stock -intermediate consumption+subsidies
=8000+100-5500+200
=Rs 2800 crore
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