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National Income Accounting
Question
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From the following data, calculate gross value added at FC. 
                                                                (र in lakhs)
(i) Net indirect taxes                                    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

Answer

GVA at FC = 250 + 30 - 120 - 20 = 140 lakhs.

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Normal Residents