Question

On the basis of following data about an economy which constitutes only two firms find out: (a) Valule added by A and B (b) GNP af C.Hetms Rs.in kis lakhres from firm B by firm A40 Purchases from firm A by firm B60 Sales by firm B 20calses by firm B2000 Going stock of firm A 20 Closing stock of firm A 25.Opening stock of firm A25 Opening stock of firm B45 Indirect takes plad by both the firms 30 Factor income to abroad 30 Factor income from abroad 25 Find out Net Valua dided at Market Price intnerna rocks 1 nonchance inock Rs 1

Answer 1

Answer:

Value added by A = Rs 55 lakh

Value added by B = Rs 130 lakh

GDPMP=55+130=Rs185 lakh

GDPFC=GDPMP-NIT=185-30=Rs155 lakh

NOTE : If sales by the producer are given e.g., (i) above these are considered as "total sales" which implies that parts of sales by the producer e.g., (iii) above, are to be ignored.

Explanation:

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