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Discussion

Preparation for UGC/ NET - Paper II & III

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Which of the following is true?

 
GDP at factor cost = GDP at market price + Net indirect taxes
GDP at factor cost = GDP at market price - Indirect taxes
GDP at factor cost = GDP at market price - Subsidy
GDP at factor cost = GDP at market price - Net factor income from abroad

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Roopkaur

The sum of net value added in various economic activities is known as GDP at factor cost. GDP at factor cost plus indirect taxes less subsidies on products is GDP at producer price.

Parray Ahmad

GDP at factor cost =GDP at market prices +indirect taxes-subsidies