Assume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at market price by each sector b) National income from the followings: Items Amount in Crores Net factor income from abroad- 20 Sales by Y- 1000 Sales by Z- 2000 Change in stock of Z- 200 Closing stock of Y- 50 Opening stock of Y- 100 Consumption of fixed capital by Y & Z- 180 Indirect taxes paid by Y & Z- 120 Purchase of raw material by Y- 500 Purchase of raw material by Z- 600 Exports by Z- 70
Assume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at market price by each sector b) National income from the followings: Items Amount in Crores Net factor income from abroad- 20 Sales by Y- 1000 Sales by Z- 2000 Change in stock of Z- 200 Closing stock of Y- 50 Opening stock of Y- 100 Consumption of fixed capital by Y & Z- 180 Indirect taxes paid by Y & Z- 120 Purchase of raw material by Y- 500 Purchase of raw material by Z- 600 Exports by Z- 70
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Assume there are only two producing sector Y & Z in an economy. Calculate
a) Gross value added at market price by each sector
b) National income from the followings:
Items Amount in Crores
Net factor income from abroad- 20
Sales by Y- 1000
Sales by Z- 2000
Change in stock of Z- 200
Closing stock of Y- 50
Opening stock of Y- 100
Consumption of fixed capital by Y & Z- 180
Indirect taxes paid by Y & Z- 120
Purchase of raw material by Y- 500
Purchase of raw material by Z- 600
Exports by Z- 70
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