Question : Value added = Value of output - ?
Option 1: Intermediate consumption.
Option 2: Sales
Option 3: Change in stock
Option 4: All of the above
Correct Answer: Intermediate consumption.
Solution : Value added = Value of output - Intermediate Consumption. Value added= Sales - Intermediate Consumption. *Value of output = Sales, when the entire output is sold in accounting year. Hence, option A is correct.
Question : Calculate ‘Sales’ from the following data:
Subsidies = 200, Opening stock = 100, Closing stock = 600, Intermediate consumption = 3000, Consumption of fixed capital = 700, Profit = 750, Net value added at factor cost = 2000
Question : Change in stock= ?
Question : Calculate ‘Intermediate Consumption’ from the following data
Gross value output = 300, Net value added at factor cost = 100, Subsidies = 15, Depreciation = 30
Question : __________________ refers to counting of an output more than one is bypassing to various stages of production.
Question : Which of the following are the precautions of value added method?
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