Discussion :: Indian Economy - Indian Economy (Q.No.66)
|Anu said: (Nov 13, 2010)|
|can anyone plz tell how is value added calculated in this question....pls reply ASAP..|
|Ashini said: (Feb 3, 2011)|
|1000-500-100-100 = 300|
|Snigdha Mukherjee said: (May 13, 2011)|
|The amount of intermediate consumption is deducted from the total amount.
Here it is 1000 - 500 - 100 - 100 = 300
|Ria said: (Jul 21, 2011)|
|In calculation of value added should we subtract the wage payment? I guess we should minus the value of intermediate purchase only, here copper & other material.|
|Devi said: (Jul 6, 2012)|
|Worth of utensils=1000.
Expenses include copper worth, wage& material purchased=500+100+100=700.
|Kotrsha Kunchur said: (Mar 28, 2015)|
|1000-500-100-100 = 300 this is the process of value added.|
|Mahaveer said: (Dec 24, 2015)|
|It is the value added to all the input costs i.e., copper, wages, and other materials.
Value addition=Output value-Input value.
|Momo said: (Apr 26, 2018)|
|Wages are not subtracted.
Value added is thus defined as the gross receipts of a firm minus the cost of goods and services purchased from other firms. Value added includes wages, salaries, interest, depreciation, rent, taxes and profit.
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