The net value added at factor cost of a producing unit is equal to:
The net value added at factor cost of a producing unit is equal to:
(a) Sum of factor payments
(b) Sum of intermediate consumption
(c) Sum of final consumption
(d) Sum of intermediate and final consumption
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Ans – (a)
Explanation:-
As savings are assumed to be zero
Net value added at factor cost of producing unit is equal to sum of factor payments made to the factors of production.
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