Sales in the economy are Rs. 1400 crores and gross value of output in the economy is Rs. 1800
crores. Estimate the value of gross domestic capital formation if gross domestic fixed capital formation in the economy is Rs. 25,600 crores.
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Answer:
Gross Domestic Capital Formation 26,000
Explanation:
Gross Value of output = sales + change in stock/investment
1,800=1,400+investment
investment =400
Gross Domestic Capital formation = Gross Domestic fixed capital formation + investment
GDCF=25,600+400
GDCF = 26,000 ans.
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