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CBSE 2016 Class 12 Economics Delhi Set-3

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Question : 3 of 5
Marks: +1, -0
Find gross value added at market price :
 (i)  Depreciation  20
 (ii)  Domestic sales  200
 (iii)  Net change in stocks  (-)10
 (iv)  Exports  10
 (v)  Single use producer goods  120
(₹ lacs)
Solution:  
    Value of output  =  Sales  −  Net Change in stock  \;\; \text{Value of output}\; =\; \text{Sales}\; -\; \text{Net Change in stock}\;
  =(  Domestic Sales  +  Exports)  +  Net Change in Stock  \; = (\; \text{Domestic Sales}\; +\; \text{Exports)}\; +\; \text{Net Change in Stock}\;
  =(200+10)+(−10)\; = (200+10)+(-10)
  =₹200  lakh  \; = \text{₹}200\; \text{lakh}\;
Grows value added at market price = Value of output = Intermediate Consumption
  =200−120\; = 200-120
  =₹80  lakh.  \; = \text{₹}80\; \text{lakh.}\;
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