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From the following data, calculate "groo...

From the following data, calculate "groos value added at factor cost."
(i) Net indirect tax 20
(ii) Purchase of intermediate products 120
(iii) Purchase of machines 300
(iv) Sales 250
(V) Consumption of fixed capital 20
(vi) Change in stock 30

Text Solution

Verified by Experts

The correct Answer is:
`GVA_(fc)=iv+vi-ii-i`
`=250+30-120-20=rs140` lakh.
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