Question

Firm A buys from X inputs worth Rs. 500 crores and sells to firm B goods worth Rs. 1000 crores and to firm C godds worth Rs. 700 crores. Firm B buys form Y inputs worth Rs. 200 crores and sells to firm C goods worth Rs. 1500 crores and finished goods worth Rs. 2000 crores to households. Firm C buys from Z inputs worth Rs. 150 crores and sells finished goods worth Rs. 4150 crores to households. Calculate value added by firms A, B and C and `GDP_(MP)`

Answer 1

Correct Answer - `GDP_(MP)=sum GVA_(MP)=1200+2300+1800= Rs. 5300 crores

Value added by firm `A =GVA_(MP)` of A = Rs. 1200 crores
Value added by firm `B=GVA_(MP)` of B = Rs. 2300 crores
Value added by firm `C=GVP_(MP)` of C= Rs. 1800 crores