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National Income Accounting
Question
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From the following data about firm 'X', calculate gross value added at FC by it.
   

(र in thousands)

(i)

Sales

500

(ii)

Opening Stock

30

(iii)

Closing stock

20

(iv)

Purchase of intermediate products

300

(v)

Purchase of machinery

150

(vi)

Subsidy

40

Answer

Gross value added = (i) + (iii - ii) - (iv)
= 500 + (20 - 30) - 300 = 190
Gross value added at FC = 190 + 40 subsidy = 230 thousands.

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