Question

In an economy,following transactions took place.calculate value of output and value added by Firm B.
1.Firm A sold to firm B goods of Rs. 80 crore;to firm C Rs. 50 crore;to household Rs. 30 crore and goods of value Rs. 10 crore remains unsold.
2.Firm B sold to firm C goods of Rs. 70 crore;to firm D Rs. 40 crore;goods of value Rs. 30 crore were exported and goods of value 5 crore was sold to government.

Answer 1

Value of output of firm b=70 cr+40cr+30cr+5cr=145 crore

GVAmp=145cr-80cr=65 crore

Answer 2

Value of output by Firm B = 145 crore

Value added by Firm B = 65 crore

Explanation:

Given:

Firm A

Sale to firm B = 80 crore

Sale to firm C = 50 crore

Sale to household = 30 crore

Stock = 10 crore

Firm B

Sale to firm C = 70 crore

Sale to firm D = 40 crore

Export = 30 crore

Government = 5 crore

Computation:

1. Value of output by Firm B = 70 crore + 40 crore + 30 crore + 5 crore

Value of output by Firm B = 145 crore

2. Value added by Firm B = 145 crore - Purchase from A

Value added by Firm B = 145 crore - 80 crore

Value added by Firm B = 65 crore

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