Question 15
HardOriginal questionA firm's value of output is ₹900 lakh and its gross value added at market price is ₹550 lakh. Its intermediate consumption is
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
GVA = value of output − intermediate consumption.
Intermediate consumption = 900 − 550 = ₹350 lakh.
- Concept
- Working back to intermediate consumption
- Typical timeTypical
- 100 s
- Your timeYours
- —
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