If GVA at MP is ₹ 7,000 Crores, Intermediate consumption is ₹ 3,000 crores and the ratio of Sales to Change in stock 4 : 1, then Sales will be:

Ans – (d)

Explanation:-

GVA at MP = Value of Output – Intermediate Consumption

₹ 7,000 = Value of Output – ₹ 3,000

Value of Output = ₹ 10,000 Crores

Sales/Change in stock = 4/1

Sales = 4 (Change in stock) – (i)

Value of Output = Sales + Change in stock – (ii)

putting equation (i) value in (ii)

₹ 10,000 = 4 (Change in stock) + Change in stock

5 (Change in stock) = ₹ 10,000

Change in stock = ₹ 10,000/5

Change in stock = ₹ 2,000

Putting change in stock value in equation (i)

Sales = 4 (2,000)

Sales = ₹ 8,000 Crores