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Measuring National Income · Question 4 of 69

Question 4

MediumOriginal question

In the same chain (wheat ₹100 → flour ₹160 → bread ₹250), what is the value added by the mill?

Options for question 4

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. The mill sells flour for ₹160 and bought wheat for ₹100.

  2. Value added = 160 − 100 = ₹60.

Concept
Value added by one firm
Typical time
70 s
Your time
—
The rule this testsValue added method and double counting
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