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Non-Competitive Markets
Question
Wired Faculty App

 Calculate sales from the following data : 

(र in lacs)

(i)

Net value added at FC

300

(ii)

Intermediate consumption

200

(iii)

Indirect tax

20

(iv)

Depreciation

30

(v)

Change in stocks

(-) 50

Answer

Gross value added at MP = Sales + Change in stocks - Intermediate consumption
Sales = (NVA at FC + Depreciation + Indirect tax) - Change in stocks + Intermediate consumption
= (300 + 30 + 20) - (-50) + 200
= र 600 lacs.

Sponsor Area

Some More Questions From Non-Competitive Markets Chapter

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

National Income at Current and Constant Prices (Nominal and Real NI)