Calculate Gross Value Added at Factor Cost

CBSE Class 12 CBSE Class 12 Economics
,
1

Calculate Gross Value Added at Factor Cost.

2

Sales = Units of Output sold x Price Per Unit of Output
=1000 x 30 = ? 30000 crore Value of Output = Sales + Change in Stock =30000+(3000-2000) =Rs 31000 crore Hence, $GV{{A}{PC}}$ = Value of Output - Intermediate Cost - Net Indirect Taxes (Excise + Sales Tax) = 31000 -12000 - (2500 + 3500)
$GV{{A}{PC}}$ =Rs 16500 crore