Practicing Success
Practicing Success
CUET Preparation Today
| An economy has only two firms A and B. Items (in lacs) 1. Exports by firm A 20 2. Imports by firm A 50 3. Sales to households by firm A 90 4. Sales to firm B by firm A 40 5. Sales to firm A by firm B 30 6. Sales to households by firm B 60 Answer the question on basis of above information. |
| Value added by firm A will be: |
30 lac 40 lac 60 lac 70 lac |
| 70 lac |
| Value added by Firm A= Total Sales - total Purchases=(Exports+ sales to Households +sales to firm B-Imports-Purchase from Firm B) =(20+90+40-50-30)=70 lakhs Value Added by Firm B= (sale to households+ sale to A-Purchase from A)= (30+60-40)=50 Lakhs GDP at market Price = 70+50=120 Lakhs |
