Question

Which of the following statements correctly differentiates between GDP at factor cost and GDP at market prices?  

A GDP at factor cost excludes depreciation, while GDP at market prices includes it.
B GDP at market prices = GDP at factor cost + (Indirect Taxes – Subsidies).
C GDP at factor cost = GDP at market prices + Net Exports.
D GDP at market prices excludes net indirect taxes.
E GDP at factor cost includes only government income.
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