If utensils worth Rs 100 are produced with steel worth Rs 50, wages paid are Rs 10, depreciation of machinery is 0 and other material purchased is Rs 10, then value added in the process is
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1 mark, −0.5MacroeconomicsNational income accountingThe income and value-added methodsModerateabout 1 min
JNU SSS 2010 Question 83: National income accounting
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National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on The income and value-added methods, part of National income accounting in Macroeconomics.
Measuring national product as factor incomes or as value added at each stage.
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Question from the JNU SSS 2010 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.