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Non-Competitive Markets

Question
CBSEENEC12012605
Wired Faculty App

There are only two producing sectors A and B in an economy. Calculate: (a) Gross value added at MP by each sector, (b) National income

(र in crores)

(i)

Net factor income from abroad

20

(ii)

Sales by A

1000

(iii)

Sales by B

2000

(iv)

Change in stock of B

-200

(v)

Closing stock of A

50

(vi)

Opening stock of A

100

(vii)

Consumption of fixed capital by A and B

180

(viii)

Indirect taxes paid by A and B

120

(ix)

Purchase of raw material by A

500

(x)

Purchase of raw material by B

600

(xi)

Exports by B

70

Solution

(a) Gross value added by sector A = 1000 + 50 - 100 - 500 = 450
Gross value added by sector B = 2000 - 200 - 600 = 1200
(Sales include exports also)
Total = 450 + 1200 = 1650 crores
(b) National income (NNPFC) = 1650 - Indirect tax - Dep. + NFIA
= 1650 - 120 - 180 + 20 = 1370 crores

Some More Questions From Non-Competitive Markets Chapter

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

Consumption of Fixed Capital (Depreciation)

Factor Cost vs. Market Price (or Net Indirect Taxes)

Net Factor Income from Abroad (NFIA)

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