On the basis of the following data about an economy which consists of
only two firm’s find out: (5)
a) Value Added by firm A and B, and
b) Gross Value Added or Gross Domestic Product at Factor cost.
Items (Rs in lakhs)
i) Sales by firm A 100
ii) Purchases from firm B by firm A 40
iii) Purchases from firm A by firm B 60
iv) sales by firm B 200
v) Closing stock of firm A 20
vi) Closing stock of firm B 35
vii) Opening stock of firm A 25
viii) Opening stock of firm B 45
ix) Indirect taxes paid by both firms 30
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