a) Given the following data, find Net Value Added at Factor Cost by Sambhav (a farmer) producing Wheat:
a) Given the following data, find Net Value Added at Factor Cost by Sambhav (a farmer) producing Wheat:
| Items | (₹ in crore) | |
| i) | Sale of wheat by the farmer in the local market | 6800 |
| ii) | Purchase of Tractor | 5000 |
| iii) | Procurement of wheat by the Government from the farmer | 200 |
| iv) | Consumption of wheat by the farming family during the Year | 50 |
| v) | Expenditure on the maintenance of existing capital stock | 100 |
| vi) | Subsidy | 20 |
b) State any two components of ‘Net Factor Income from Abroad’.
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1 Answers
a) Net Value Added at Factor Cost (NVA @ FC)
= (i)+(iii)+(iv)+(vi)-(v)
= ₹6800+₹200+₹50+₹20-₹100
= ₹6,970crore
b) Component of net factor income from abroad are:
i. Net compensation of employees
ii. Net income from property and entrepreneurship
iii. Net retained earnings of resident companies abroad
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