Calculate Net value added at factor cost ( NVAFC) from the given set of data: Value of output 500 Intermediate consumption 100 Indirect taxes 30 Depreciation  20 Subsidies 50 Purchase of machinery  50

500 600 400 800

400

GDPMP = GVOMP - Intermediate consumption  = 500 - 100 NVAFC / NDPFC = GDPMP - depreciation - NIT = 400 - 20 - (30-50) = 400 - 20 + 20 = 400