Question : In an economy, the value added at different stages of production is as follows (in INR):

Stage 1: INR 800,000

Stage 2: INR 600,000

Stage 3: INR 400,000

If the total value of intermediate consumption is INR 300,000, what is the value of final goods produced in the economy?

Option 1: INR 1,300,000

Option 2: INR 1,400,000

Option 3: INR 1,500,000

Option 4: INR 1,600,000

Question : A company produces goods worth INR 1,500,000. It incurs intermediate consumption of INR 500,000 and pays wages of INR 300,000. The company also receives indirect taxes of INR 200,000 and subsidies of INR 100,000. What is the value added by the company?

Option 1: INR 400,000

Option 2: INR 500,000

Option 3: INR 800,000

Option 4: INR 700,000

Question : A company produces goods worth INR 1,000,000 and incurs intermediate consumption of INR 300,000. It pays wages of INR 200,000 and earns profits of INR 100,000. What is the value added by the company?

Option 1: INR 300,000

Option 2: INR 500,000

Option 3: INR 700,000

Option 4: INR 900,000

Question : A company produces goods worth INR 2,000,000 and incurs intermediate consumption of INR 800,000. It pays wages of INR 500,000 and earns profits of INR 300,000. Additionally, the company pays indirect taxes of INR 200,000. What is the value added by the company?

Option 1:  INR 500,000

Option 2: INR 700,000

Option 3: INR 900,000

Option 4: INR 1,100,000

Question : The value added of a firm is calculated as___________.

Option 1: value of production of the firm - value of intermediate goods used by the firm.

Option 2: value of production of the firm + value of capital goods used by the firm.

Option 3: value of production of the firm / value of intermediate goods used by the firm.

Option 4: value of production of the firm + value of intermediate goods used by the firm.