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Economics (AS & A Level) · May / June 2026 · Paper 11 · Question 16

9708National income statistics

Which adjustments are needed to change Gross Domestic Product (GDP) at basic prices to GDP at market prices?

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

As printed in the paper

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Correct answer: B. add indirect taxes, subtract subsidies

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