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National Income Accounting

Question
CBSEENEC12013204
Wired Faculty App

Calculate intermediate consumption from the following data:  
                                                               (र in lakhs)
(i) Value of output                                    200
(ii) Net value added at FC                           80
(iii) Sale tax                                               15
(iv) Subsidy                                                5
(v) Depreciation                                         20

Solution

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 lakhs.

Some More Questions From National Income Accounting Chapter

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)

Briefly explain the following basic concepts related to NI:
Net Factor Income from Abroad (NFIA)

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