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
Anurag Pathak Changed status to publish December 13, 2023
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.
Anurag Pathak Changed status to publish December 13, 2023
