CBSE 2020 Class 12 Economics Delhi Set 2

Question : 4

Total: 13

Calculate Net Value Added at factor cost from the following data :

	Particulars	(₹ in lakh)
(i)	Durable producer goods (with a life span of 10 years)	10
(ii)	Single use producer goods	5
(iii)	Sales	20
(iv)	Unsold Goods (Stock)	2
(v)	Goods and Services Tax (GST)	1

Solution:

GDP GPMP= Sales + Unsold Goods (Stock) - Single Use Producer Goods.
‌‌‌GDPMP=20+2−5
‌‌‌GDPMP=17‌ lakh ‌
‌‌ Depreciation ‌=
‌‌

‌ Value of durable producer goods ‌

‌ Life span of producer goods ‌

=‌

=1
Net value added at factor cost/Net Domestic Product at Factor Cost
‌=‌ GDPmp ‌=‌ Depreciation ‌−‌ NIT ‌
‌=‌ GDPmp ‌−‌ Depreciation ‌−‌ IT ‌+‌ Subsidy ‌
‌=17−1−1+0
NDPFC=15 lakh

Go to Question:

Prev Question

Next Question