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National Income Accounting
Question
Wired Faculty App

Calculate value of output from the following data: 
                                                                        (in lakhs)
(i) Net value added at FC                                    100
(ii) Intermediate consumption                             75
(iii) Excise duty                                                    20
(iv) Subsidy                                                          5
(v) Depreciation                                                  10

Answer

Value of output = 100 + 75 + 20 - 5 + 10 = र 200 lakhs.
Note: Value of output always means value of gross output at MP unless stated otherwise.

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Some More Questions From National Income Accounting Chapter

Briefly explain the following basic concepts related to NI:
 National Income (NI).

Briefly explain the following basic concepts related to NI:
Final Goods and Intermediate Goods. 

Briefly explain the following basic concepts related to NI:
Consumption Goods and Capital Goods

Briefly explain the following basic concepts related to NI:
Flow and Stock Concepts

Briefly explain the following basic concepts related to NI:
Gross Investment and Net Investment

Briefly explain the following basic concepts related to NI:
Domestic (Economic) Territory

Briefly explain the following basic concepts related to NI:
Normal Residents

Briefly explain the following basic concepts related to NI:
National Income at Current and Constant Prices (Nominal and Real NI).

Briefly explain the following basic concepts related to NI:
Consumption of Fixed Capital (Depreciation).

Briefly explain the following basic concepts related to NI:
Factor Cost vs. Market Price (or Net Indirect Taxes)