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National Income Accounting

Question
CBSEENEC12013203
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

Solution
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.

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)

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