Question

    How is GDP at factor cost

    calculated?
    A GDP minus depreciation allowances Correct Answer Incorrect Answer
    B NNP plus depreciation allowances Correct Answer Incorrect Answer
    C GDP minus indirect taxes plus subsidies Correct Answer Incorrect Answer
    D GDP minus subsidies plus indirect taxes Correct Answer Incorrect Answer

    Solution

    GDP at factor cost = GDP at market price - Indirect Taxes + Subsidies.

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