☰
✕

Non-Competitive Markets
Question
Wired Faculty App

Calculate intermediate consumption from the following data :   

   

(र in lacs)

(i)

Value of output

200

(ii)

Net value added at FC

80

(iii)

Sale tax

15

(iv)

Subsidy

5

(v)

Depreciation

20

Answer

Gross value added = Value of output - Intermediate consumption
Intermediate consumption = Value of output (at MP)
- Gross value added at MP
= 200 - (80 + 20 + 15 - 5) = र 90 lacs

Sponsor Area

Some More Questions From Non-Competitive Markets Chapter

Define microeconomics. 

Distinguish between microeconomics and macroeconomics.
Give an example of showing the difference between microeconomics and macroeconomics. 

National Income (NI)

Final Goods and Intermediate Goods 

Giving reasons categorise the following into intermediate products and final products:
(i) Furniture purchased by a school
(ii) Chalks, dusters purchased by a school.

Consumption Goods and Capital Goods

Flow and Stock Concepts

Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth. 

Gross Investment and Net Investment

Domestic (Economic) Territory