Question

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​

Answer 1

Answer:

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