12th Class Economics Solved Paper - Economics 2013 Delhi Set-III

  • question_answer
    Calculate 'sales' from the following data:
    (Rs in lakhs)
    Intermediate costs 700
    Consumption of fixed capital 80
    Change in stock                                (-) 50
    Subsidy 60
    Net value added at factor cost 1300
    Exports 50
                                                               

    Answer:

    \[NV{{A}_{FC}}\] = Rs 1,300
    \[GD{{P}_{MP}}\] = \[NV{{A}_{FC}}\] - Subsidies + Consumption of fixed capital \[=1,300-60+80=Rs.\text{ }1,320\]
    Also, we know that:
    \[GD{{P}_{MP}}\] = Sales + Change in stock - Intermediate Cost Sales = \[GD{{P}_{MP}}\] - Change in stock + Intermediate Cost
    \[=1,320-(-50)+700\]
    i.e. Sales = Rs 2,070 Lakhs.


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