Note AcademyNote Academy
Start

Economics (AS & A Level) · Oct / Nov 2022 · Paper 31 · Question 19

9708National income statistics

How can GDP at market prices be calculated if GDP at factor cost is known?

  1. Aadd taxes, add subsidies
  2. Badd taxes, subtract subsidies
  3. Csubtract taxes, add subsidies
  4. Dsubtract taxes, subtract subsidies

As printed in the paper

Show the answer

Correct answer: B. add taxes, subtract subsidies

Sit this whole paper →More on National income statistics

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.