The Question :
A) From the following data calculate the value of Domestic Income:
B) Distinguish between ‘Value of Output’ and ‘Value Added’.
Solution for the question :
(a) Domestic Income ([email protected]) =(i)+(ii)+(iv)+(vii)+(viii)+(x)
=₹2000+₹800+₹460+₹940+₹300+₹200
=₹4,700 crore
(b) Value of output is the estimated money value of all the goods and services, inclusive of change in stock and production for self-consumption. Whereas, Value added is the excess of value of output over the value of intermediate consumption.
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