Calculate 'value of output' from the followin...
Calculate 'value of output' from the following data: (Rs. In crores) (i) Subsidy 10 (ii) Intermediate consumption 150 (iii) Net addition to stocks (-) 13 (iv) Depreciation 30 (v) Excise duty 20 (vi) Net value added at factor cost 250 2) Calculate 'Net Value added at Factor Cost' from the following data: (Rs. In crores)?
Calculate 'value of output' from the following data: (Rs. In crores) (...
Calculating 'Value of Output'
- Value of Output = Net value added at factor cost + Depreciation + Subsidy + Taxes on production - Net addition to stocks
- Value of Output = 250 + 30 + 10 + 20 - (-13)
- Value of Output = 250 + 30 + 10 + 20 + 13
- Value of Output = Rs. 323 crores

Calculating 'Net Value added at Factor Cost'
- Net Value added at Factor Cost = Value of Output - Intermediate consumption
- Given that Value of Output is Rs. 323 crores and Intermediate consumption is Rs. 150 crores
- Net Value added at Factor Cost = 323 - 150
- Net Value added at Factor Cost = Rs. 173 crores
Explanation:
- The value of output represents the total value of goods and services produced by an economy in a given period.
- It is calculated by adding net value added at factor cost, depreciation, subsidies, taxes on production, and subtracting the net addition to stocks.
- Net value added at factor cost is the value of output minus intermediate consumption, representing the value added by labor and capital in the production process.
- Understanding these concepts helps in analyzing the economic performance and efficiency of an economy.
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Calculate 'value of output' from the following data: (Rs. In crores) (i) Subsidy 10 (ii) Intermediate consumption 150 (iii) Net addition to stocks (-) 13 (iv) Depreciation 30 (v) Excise duty 20 (vi) Net value added at factor cost 250 2) Calculate 'Net Value added at Factor Cost' from the following data: (Rs. In crores)?
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