Question

Gross Domestic Product (GD

  • P of any nation
A excludes capital consumption and intermediate consumption Correct Answer Incorrect Answer
B is inclusive of capital consumption or depreciation Correct Answer Incorrect Answer
C is inclusive of indirect taxes but excludes subsidies Correct Answer Incorrect Answer
D None of the above Correct Answer Incorrect Answer

Solution

GDP at market price includes indirect taxes (since prices include them) and excludes subsidies (as they reduce market prices).

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