The Question :
A) Given the following data, find Net Value Added at Factor Cost by Sambhav (a farmer) producing Wheat:
B) State any two components of ‘Net Factor Income from Abroad’.
Solution for the question :
(a) Net Value Added at Factor Cost (NVA @ FC) =(i)+(iii)+(iv)+(vi)-(v)
=₹6800+₹200+₹50+₹20-₹100
=₹6,970 crore
(b) Component of net factor income from abroad are:
i. Net compensation of employees
ii. Net income from property and entrepreneurship
iii. Net retained earnings of resident companies abroad
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