AMITY INTERNATIONAL SCHOOL, MAYUR VIHAR
SUBJECT: ECONOMICS
CLASS XII
DATE: 17/05/24
CHAPTER – MEASUREMENT OF NATIONAL INCOME
(VALUE ADDED 2ND ASSIGNMENT)
(CBQ`S)
3/4 MARKS QUESTIONS
1. Calculate VA by both firms and GDP at FC.
S. Items (Rs. in
No. lakh)
1. Sales by Firm A 100
2. Purchases from Firm B by Firm A 40
3. Purchases from Firm A by Firm B 60
4. Sales by Firm B 200
5. Closing stock of Firm A 20
6. Closing stock of Firm B 35
7. Opening stock of Firm A 25
8. Opening stock of Firm B 45
9. Indirect taxes paid by both firms 30
2. An economy has only two firms, A and B. On the basis of the following information about these
firms, find out: (a) Value added by firms A and B (b) GDP at market prices.
S. No. Items (Rs. in
lakh)
1. Exports by Firm A 20
2. Imports by Firm A 50
3. Sales to Households by Firm A 90
4. Sales to Firm B by Firm A 40
5. Sales to Firm A by Firm B 30
6. Sales to Households by Firm B 60
3. In an economy, the following transactions took place. Calculate value of output and value
added by Firm B:
i. Firm A sold to firm B goods of 80 crore; to firm C 50 crore; to household 30 crore and goods of
value 10 crore remain unsold.
ii. Firm B sold to firm C goods for 70 crores; to firm D 40 crore; goods of value 30 crore were
exported and goods of value 5 crore were sold to government.
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4. Calculate:
(a)Gross Value Added at Market Price, and
(b)National Income from the following data.
S. No. Items (Rs. in
lakh)
1. Value of output 800
Primary 200
Secondary 300
Tertiary
2. Intermediate Consumption 400
Primary 100
Secondary 50
Tertiary
3. Indirect taxes paid by all sectors 50
4. Consumption of fixed capital of all 80
sectors
5. Factor income received by the 10
residents from rest of the world
6. Factor income paid to non-residents 20
7. Subsidies 20
5. In an economy, the following transactions take place:
A sells goods of Rs. 20 crores to B, Rs. 30 crores to C, Rs. 40 crores to households and goods worth
% 10 crores remain unsold. The value of inputs of firm A is assumed to be zero.
B sells his output worth Rs. 40 crores to C, Rs. 60 crores to D and Rs. 50 crores to final consumption.
C sells his output worth Rs. 100 crores to D, Rs. 100 crores to households and exports worth Rs.
100 crores.
D sells Rs. 300 crores to households and Rs. 100 crores to the government.
Calculate: (i) Value Added by each firm; (ii) Total Value Added; (iii) Total Consumption
Expenditure.
6. Suppose the Gross Domestic Product (GDP) of Nation X was Rs.2,000 crores in 2018-19,
whereas the Gross Domestic Product of Nation Y in the same year was Rs. 120,000 crores. If the
Gross Domestic Product of Nation X rises to Rs. 4,000 crores in 2019-20 and the Gross Domestic
Product of Nation Y rises to Rs. 200,000 crores in 2019-20. Compare the rate of change of GDP of
Nations X and Y, taking 2018-19 as base year.
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