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      Question

      Gross Domestic Product (GDP) 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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