Calculate-a GVA at MPb Intermediate consumption from the following data-text Value of output - 400 1 Net value added at factor cost - 160 1Depreciation -401-text Subsidy - 10 Sales tax - 30 end array

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Standard XII

Economics

Government Spending as a Tool

Calculate:a G...

Question

Calculate:

(a) GVA at MP

(b) Intermediate consumption from the following data:

$\begin{matrix} Value of output & 400 Net value added at factor cost & 160 Depreciation & 40 Subsidy & 10 Sales tax & 30 \end{matrix}$

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Solution

(a) $G V A_{m p} = N V A_{f c} + D e p . + N I T = 160 + 40 + (30 - 10) = 220$

(b) $G V A_{m p}$ = Value of output - Intermediate consumption
220 = 400 - Intermediate consumption
Intermediate consumption = Rs. 180

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Calculate intermediate consumption from the following data:

$\begin{matrix} Value of output & 400 Net value added at factor cost & 160 Depreciation & 40 Subsidy & 10 Sales tax & 30 \end{matrix}$

(a) From the following data compute net value added at factor cost:

$\begin{matrix} Items & Domestic sales & Subsidies & Purchase of raw material & Exports & Depreciation & Import of & Net in domestic market & indirect taxes In Crores & 2500 & 40 & 500 & 200 & 100 & 600 & 60 \end{matrix}$

(b) Intermediate goods and corporate tax are included in national income indirectly. How ?

Calculate $G N P_{m p}$

(a) By Income Method

(b) Expenditure Method

$\begin{matrix} (a) & Rent & 40 (b) & Private Final Consumption Expenditure & 800 (c) & Net Exports & 20 (d) & Interest & 60 (e) & Profit & 120 (f) & Government Final Consumption Expenditure & 200 (g) & Net Domestic Capital Formation & 100 (h) & Compensation of Employees & 800 (i) & Depreciation & 20 (j) & Net Indirect Taxes & 100 (k) & Net Factors Income From Abroad & (-) 20 \end{matrix}$

(a) The Government of India has recently announced the implication of Goods and Service Tax in India. Explain its likely impact on country's GDP.

(b) Find net value added at factor cost:

$\begin{matrix} Items & (Rs. in crores) (i) & Depreciation & 700 (i i) & Output produced (units) & 900 (i i i) & Price per unit of output & 40 (i v) & Closing stock & 1, 000 (v) & Opening stock & 800 (v i) & Sales tax & 3, 000 (v i i) & Intermediate consumption & 20, 000 (v i i i) & Fuel and power & 500 \end{matrix}$

From the following data, calculate Net Value Added at factor cost :

$\begin{matrix} S. No. & Items & (Rs. in crores) (i) & Sales & 1, 200 (i i) & Decrease in stock & (-) 80 (i i i) & Production for self consumption & 100 (i v) & Single use producer goods & 300 (v) & Exports & 150 (v i) & Electricity charges & 50 (v i i) & Excise duty & 70 (v i i i) & Subsidy & 40 \end{matrix}$

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Calculate: (a) GVA at MP (b) Intermediate consumption from the following data: Value of output400Net value added at factor cost160Depreciation40Subsidy10Sales tax30

(a) GVAmp=NVAfc+Dep.+NIT=160+40+(30−10)=220 (b) GVAmp = Value of output - Intermediate consumption 220 = 400 - Intermediate consumption Intermediate consumption = Rs. 180

Calculate:

(a) GVA at MP

(b) Intermediate consumption from the following data:

$\begin{matrix} Value of output & 400 Net value added at factor cost & 160 Depreciation & 40 Subsidy & 10 Sales tax & 30 \end{matrix}$

(a) $G V A_{m p} = N V A_{f c} + D e p . + N I T = 160 + 40 + (30 - 10) = 220$

(b) $G V A_{m p}$ = Value of output - Intermediate consumption
220 = 400 - Intermediate consumption
Intermediate consumption = Rs. 180