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      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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