Assume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at market price by each sector b) National income from the followings: Items Amount in Crores Net factor income from abroad- 20 Sales by Y= 1000 Sales by Z= 2000 Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100 Consumption of fixed capital by Y & Z= 180 Indirect taxes paid by Y & Z= 120 Purchase of raw material by Y= 500 Purchase of raw material by Z= 600 Exports by Z= 70

Assume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at market price by each sector b) National income from the followings: Items Amount in Crores Net factor income from abroad- 20 Sales by Y= 1000 Sales by Z= 2000 Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100 Consumption of fixed capital by Y & Z= 180 Indirect taxes paid by Y & Z= 120 Purchase of raw material by Y= 500 Purchase of raw material by Z= 600 Exports by Z= 70

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 11SCQ: Would you expect capital deepening to result in diminished1etmns? Why or why not? Would you expect...

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