Calculate Net Value Added at factor cost from the following data : Particulars (₹ in lakh) (i) Durable producer goods (with a life span of 10 years) 10 (ii) Single use producer goods 5 (iii) Sales 20 (iv) Unsold Goods (Stock) 2 (v) Goods and Services Tax (GST) 1

CBSE 2020 Class 12 Economics Delhi Set 2 - Question 4

Question : 4 of 13

Marks: +1, -0

Calculate Net Value Added at factor cost from the following data :

	Particulars	(₹ in lakh)
(i)	Durable producer goods (with a life span of 10 years)	10
(ii)	Single use producer goods	5
(iii)	Sales	20
(iv)	Unsold Goods (Stock)	2
(v)	Goods and Services Tax (GST)	1

Solution:

GDP

{\GP}_{ {\MP}}=

Sales + Unsold Goods (Stock) - Single Use Producer Goods.

\; \;\; {\GDP}_{ {\MP}}=20+2-5

\; \;\; {\GDP}_{ {\MP}}=17 \;\text " lakh "\;

\;\;\text " Depreciation "\;=

\;\;{\;\text " Value of durable producer goods "\;}/{\;\text " Life span of producer goods "\;}=\;{10}/{10}=1

Net value added at factor cost/Net Domestic Product at Factor Cost

\;=\;\text " GDPmp "\;=\;\text " Depreciation "\;- \;\text " NIT "\;

\;=\;\text " GDPmp "\;- \;\text " Depreciation "\;- \;\text " IT "\;+ \;\text " Subsidy "\;

\;=17-1-1+0

{\NDP}_{ {\FC}}=15

lakh

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