do it fast please **Net Value Added at Factor Cost**To calculate the 'Net Value Added at Factor Cost,' we need to analyze the following items and their respective values, provided in lakhs:1. **Sales**: ₹100 lakh2. **Closing Stock**: ₹20 lakh3. **Excise**: ₹15 lakh4. **Opening Stock**: ₹10 lakh5. **Depreciation**: ₹12 lakh6. **Intermediate Consumption**: ₹50 lakh**Explanation:**- **Sales** represents the total revenue from sold goods.- **Closing Stock** is the inventory value at the end of a period.- **Excise** is a tax levied on specific goods.- **Opening Stock** refers to the inventory value at the beginning of a period.- **Depreciation** is the reduction in value of assets over time.- **Intermediate Consumption** entails goods and services used as inputs in production. These components are essential in economic calculations for determining the efficient use of resources and overall economic performance at a factor cost level.

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13. Find 'Net Value Added at Factor Cost': rlel 002 final consurMel oac (bodtem smooni yd) sohg 1ahsm is bubong lsn&in lakh) ANsl 002= (borttam 9tutibneqx3 yd) emoani Isne Items (i) Sales 100 (ii) Closing stock sisb gniwolloi edt mol tuqtuCO lo sulsV sislu20 0 (iii) Excise at Factor Cost emel 15 (iv) Opening stock ployees Interest Rent Proe oad Constin notqmuanoo stesibemmetni 12 ubeeloxa 50 (v) Depreciation (vi) Intermediate consumption40rore 100 cron

13. Find 'Net Value Added at Factor Cost': rlel 002 final consurMel oac (bodtem smooni yd) sohg 1ahsm is bubong lsn&in lakh) ANsl 002= (borttam 9tutibneqx3 yd) emoani Isne Items (i) Sales 100 (ii) Closing stock sisb gniwolloi edt mol tuqtuCO lo sulsV sislu20 0 (iii) Excise at Factor Cost emel 15 (iv) Opening stock ployees Interest Rent Proe oad Constin notqmuanoo stesibemmetni 12 ubeeloxa 50 (v) Depreciation (vi) Intermediate consumption40rore 100 cron

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Inflation and Purchasing Power Theory

In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affects the exchange rate of the currency because of the price increase. As the purchasing power falls the unit of the currency in the economy falls. When the prices of the commodities are decreased, then the purchasing power of the consumers will rise, then it will lead to deflation and changes the currency of the base economy to that of the foreign economy which will lead to change in exchange rates.

Question

do it fast please

**Net Value Added at Factor Cost**

To calculate the 'Net Value Added at Factor Cost,' we need to analyze the following items and their respective values, provided in lakhs:

1. **Sales**: ₹100 lakh
2. **Closing Stock**: ₹20 lakh
3. **Excise**: ₹15 lakh
4. **Opening Stock**: ₹10 lakh
5. **Depreciation**: ₹12 lakh
6. **Intermediate Consumption**: ₹50 lakh

**Explanation:**

- **Sales** represents the total revenue from sold goods.
- **Closing Stock** is the inventory value at the end of a period.
- **Excise** is a tax levied on specific goods.
- **Opening Stock** refers to the inventory value at the beginning of a period.
- **Depreciation** is the reduction in value of assets over time.
- **Intermediate Consumption** entails goods and services used as inputs in production.

These components are essential in economic calculations for determining the efficient use of resources and overall economic performance at a factor cost level.

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