Question

Q.2 Calculate: (4)

a) Gross value added at Market price, and

b) National income from the following data.

Items (Rs in lakhs)

i) Value of output

a) Primary sector 800

b) Secondary sector 200

c) Tertiary sector 300

ii) Value of intermediate inputs purchased by:

a) Primary sector 400

b) Secondary sector 100 c) Tertiary sector 50

iii) Indirect taxes paid by all sector 50

iv) Consumption of fixed capital of all sector 80

v) Factor income received by the residents from

rest of the world 10

vi) Factor income paid to non-residents 20

vii) Subsidies received by all sectors 20​

Answer 1

Answer:

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Answer 2

Answer:

GDP MP = 750 LAKHS

Explanation:

GDP MP = value added by primary sector + value added by secondary sector + value added by tertiary sector . value added by a sector = value of output - intermediate cost .. primary sector = 800 - 400 = 400 lakhs secondary sector = 200 - 100 = 100 lakhs tertiary sector = 300 - 50 = 250 lakhs.. total value added = 400 + 100 + 250 hence GDP MP 750 LAKHS

NNP FC = GDP MP - Depreciation + NFIA - NIT + subsidies

NNP FC = 750 - 80 + 10 - 50 + 20 =