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National Income Accounting

Question
CBSEENEC12013198
Wired Faculty App

Calculate gross value added at FC from the following data: 
                                                                     (र in lakhs)
(i)  Consumption of fixed capital                       5
(ii)  Sales                                                           100
(iii) Subsidies                                                      2
(iv) Closing stock                                               10
(v) Purchase of raw materials                            50
(vi) Opening stock                                             15
(vii) Indirect taxes                                             10

Solution
GVA at MP = 100 + 10 - 15 - 50 = 45 lakhs
GVA at FC = 45 + 2 - 10 = 37 lakhs.

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Briefly explain the following basic concepts related to NI:
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Briefly explain the following basic concepts related to NI:
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Briefly explain the following basic concepts related to NI:
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Briefly explain the following basic concepts related to NI:
Value of Output vs. Value Added

Briefly explain the following basic concepts related to NI:
Factor Payment (Income) vs. Transfer Payment (Income)

Briefly explain the following basic concepts related to NI:
Sources of Domestic Income

Briefly explain the following basic concepts related to NI:
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