EduFarming
Your list · 0हिं

Type at least two letters. Press Esc to close.

↑↓ navigate↵ openTAB cycle filter

Measuring National Income · Question 16 of 69

Question 16

HardOriginal question

A firm sold goods worth ₹700 lakh. Its stock fell from ₹80 lakh to ₹50 lakh during the year. It bought inputs worth ₹300 lakh. Its gross value added at market price is

Options for question 16

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Change in stock = 50 − 80 = −30, so value of output = 700 − 30 = 670.

  2. GVA at MP = 670 − 300 = ₹370 lakh.

Worth noting

₹430 lakh adds the fall in stock: some of this year's sales came out of last year's output.

Concept
A fall in stock
Typical time
100 s
Your time
—
The rule this testsValue added method and double counting
Practise this chapter →

Ten questions from Measuring National Income, at your own pace.

Practise this chapter →

Ten questions from Measuring National Income, at your own pace.

Practise this chapterAll 69 questions in Measuring National IncomeRevise the notes for Measuring National Income