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Suppose firm A sold raw material to firm...

Suppose firm A sold raw material to firm B for Rs. 1000 and to firm C for Rs. 600. Firm B sold its product partly to private consumers for Rs. 800 and the remaining product was exported for Rs. 600. Firm C part of its product to the government for Rs. 500 for public consumption and the remaining product worth Rs. 500 was unsold stock left with it . (Assume that firm A buys no raw material). (i) Find the value added by firm A, firm B and firm C. (ii) Total Consumption Expenditure.

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The correct Answer is:
(i) Value added : Firm A= Rs. 1600; Firm B= Rs. 400; Firm C= Rs. 400. (ii) Total Consumption Expenditure = Rs. 1300
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