a) Given the following data, find Net Value Added at Factor Cost by Sambhav (a farmer) producing Wheat: b) State any two components of ‘Net Factor Income from Abroad’.

CBSE Sample Question Paper, Class 12 ECONOMICS Term 2 Question - a) Given the following data, find Net Value Added at Factor Cost by Sambhav (a farmer) producing Wheat: b) State any two components of ‘Net Factor Income from Abroad’.

By
Komal Kohli
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a) Given the following data, find Net Value Added at Factor Cost by Sambhav (a farmer) producing Wheat:

b) State any two components of ‘Net Factor Income from Abroad’.

Answer.

a) Net Value Added at Factor Cost (NVA @ FC) =(i)+(iii)+(iv)+(vi)-(v)
=₹6800+₹200+₹50+₹20-₹100
=₹6,970crore
b) Component of net factor income from abroad are:
i. Net compensation of employees
ii. Net income from property and entrepreneurship
iii. Net retained earnings of resident companies abroad

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