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From the following information about fir...

From the following information about firm X, calculate gross value added by it:
(i) Domestic sales 300
(ii) Exports 100
(iii) Production for self-consumption 50
(iv) Purchases from firm A 110
(v) Purchases from firm B 70
(vi) Imports of raw materials 30
(vii) Change in stock 60

Text Solution

Verified by Experts

`GVA_(mp)=(i+iii+ii)+(vii)-(iv+v+vi)`
`=(300+50+100)+(60)-(110+70+30)`
=rs 300 lakh.
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