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

Option 1: 5050

Option 2: 5000

Option 3: 5010

Option 4: 4995

Question : Change in stock= ?

Option 1: Closing + Opening stock

Option 2: Closing - Opening stock

Option 3: Opening - Closing stock

Option 4: None of the above.

Question : Calculate ‘Intermediate Consumption’ from the following data

Gross value output = 300, Net value added at factor cost = 100, Subsidies = 15, Depreciation = 30

Option 1: 186

Option 2: 185

Option 3: 184

Option 4: 187

Question : __________________ refers to counting of an output more than one is bypassing to various stages of production.

Option 1: Double counting

Option 2: Value added

Option 3: Value of output

Option 4: None of the above.

Question : Which of the following are the precautions of value added method?

Option 1: Intermediate goods or not to be included in the national income.

Option 2: Change the stock of goods will be included.

Option 3: Imputed value of owners occupied houses should be included.

Option 4: All of the above.