There are only two producing sectors A and B in an economy

CBSE Class 12 CBSE Class 12 Economics
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1

There are only two producing sectors A and B in an economy. Calculate:
(a) Gross Value Added at Market Price by A and B
(b) National Income

2

(a) $GV{{A}{MP}}$ by A = Sales by A + Net Change in Stock of A - Intermediate Consumption of A
= 500+ 10-200 = Rs. 310 crore
$GV{{A}{MP}}$ by B = Sales by B + Net Change in Stock of B - Intermediate Consumption of B =600 + (-10)-300 = Rs. 290 crore
$GV{{A}{MP}}$ by A and B = (310 + 290) crore = Rs. 600 crore
(b) National Income ($NN{{P}{FC}}$) =
$GV{{A}_{MP}}$ by A and B

  • Indirect Taxes by A and B - Depreciation by A and B + Net Factor Income from Abroad
    = 600-80-30+20 = Rs. (620 -110) crore = Rs. 510 crore