Answer to Question #222791 in Macroeconomics for Namrata

Question #222791

A firm makes and sell jam using fruit it buys from another firm for rupees 70000. It pays its workers Rs. 50000, pays Rs. 10000 in taxes and has profits of Rs. 40000. What is its value added?

Expert's answer

Value added is given by:

"=70000+50000+10000+40000=170000"

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