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Calculate Gross value Added at Factor Co...

Calculate Gross value Added at Factor Cost:
(i) Units of output sold (units) 1,000
(ii) Price per unit of output rs 30
(iii) Depreciation (rs) 1,000
(iv) Intermediate cost (rs) 12,000
(v) Closing stock, (rs) 3,000
(vi) Opening stock (Rs) 2,000
(vii) Excise (rs) 2,500
(viii) Sales Tax (rs) 3,500

Text Solution

Verified by Experts

The correct Answer is:
`GVAFc=(ixxii)+v-vi-iv-vii-viii`
`=(1,000xx30)+3,000-2,000-12,000-2,500-3,500`
`=30,000+3,000-20,000`
=rs 13,000
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