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CBSE 2020 Class 12 Economics Outside Delhi Set 1

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Question : 13
Total: 47
Calculate Net Value Added at Factor Cost (NVA FC) from the following data :
 S.No.  Particulars  Amount (in ₹ crores)
 (i)  Value of Output  800
 (ii)  IntermediateConsumption  200
 (iii)  Indirect taxes  30
 (iv)  Depreciation  20
 (v)  Subsidies  50
 (vi)  Purchase of machinery  50
Solution:  
Value of output =800
Intermediate Consumption =200
GVAMP= Value of output - Intermediate Consumption
=800−200=600
NVA FC= GVA MP− Depreciation - NIT (Indirect tax - Subsidies)
‌ NVA ‌FC‌=600−20−(30−50)
‌=580+20=600
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