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Question : 15
Total: 19
From the following data, calculate Net Value Added at Factor Cost ( NVA FC ) :
| S.No. | Particulars | Amount in (₹Crores) |
|---|---|---|
| (i) | Price per unit of output | 20 |
| (ii) | Output sold (units) | 1250 units |
| (iii) | Excise duty | 5,000 |
| (iv) | Consumption of fixed capital | 1,000 |
| (v) | Change in stock | (-)500 |
| (vi) | Single use producer goods | 6,000 |
Solution:
(a) (i) GDP at MP = Value of Production - Intermediate Consumption
= 24 , 500 − 6 , 000 crores
= 18 , 500 crores
NDP FC = GDP MP − = 18 , 500 − 1 , 000 − 5 , 000 = 12 , 500
Working Notes:
Single use producer goods = Intermediate consumption
Net Indirect Taxes=
= 5 , 000 − 0 = 5 , 000 crores
Excise duty is an indirect tax.
Value of Production= x
= 20 × 1250 + − 500
= 25 , 000 − 500 crores
= 24 , 500 crores
Working Notes:
Single use producer goods = Intermediate consumption
Net Indirect Taxes
Excise duty is an indirect tax.
Value of Production
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