Question

What is the formula of net value added at factor cost?

Answer 1

NVA at factor cost=sales +change in stock-value of intermediate goods -net indirect tax -depreciation

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Answer 2

Net Value added at factor cost=sales +change in stock-purchase of intermediate goods-depreciation-net indirect tax

Explanation:

• Net value added at factor cost of a producing unit is known as the net value of the output produced in an economy as the national income for the whole economy also,it is the net value of the output produced in an economy

• The formula for Net Value added at factor cost:

        Net Value added at factor cost= sales +change in stock-purchase of intermediate goods-depreciation-net indirect tax.