(i) In 2018, Kerela was hit by a massive flood causing huge loss of property. Life
ofpeople has come to a standstill. Govt. of India announces compensation to flood
victims to meet the needs of their food, clothes and shelter.
a. Is this expenditure included in National income?
b. How does it impact life in the city?
(ii) There are only two producing sectors A and B in an economy. Calculate Gross
Valueadded at market price by each sector.
Item Rs. (Crore)
(i) Net factor income from Abroad 100
(ii) Sales by A 5000
(iii) Sales by B 10000
(iv) Change in stock of B (–) 1000
(v) Closing stock of A 250
(vi) Opening stock of A 500
(vii) Consumption of fixed capital by A and B 900
(viii) Indirect taxes paid by A and B 600
(ix) Purchase of raw material by A 2500
(x) Purchase of raw material by B 3000
(xi) Exports by B 350
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Explanation:
only 5 points for such abig question
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