Mathematics · National Income Aggregates
In an economy, the outputs and intermediate inputs of three sectors are as follows: Primary Sector Output = ₹20,000 Crore, Intermediate Consumption = ₹10,000 Crore. Secondary Sector Output = ₹50,000 Crore, Intermediate Consumption = ₹20,000 Crore (₹15,000 Crore from primary + ₹5,000 Crore from tertiary). Tertiary Sector Output = ₹40,000 Crore, Intermediate Consumption = ₹10,000 Crore. What is the Gross Value Added (GVA) at Basic Prices for the economy?
- 1₹1,00,000 Crore
- 2₹85,000 Crore
- 3₹70,000 Crore✓
- 4₹1,10,000 Crore
Correct answer
₹70,000 Crore
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