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Economics (AS & A Level) · May / June 2026 · Paper 12 · Question 17

9708National income statistics

What adjustment is made to change the value of Gross Domestic Product (GDP) from market prices to basic prices?

  1. Aadd indirect taxes and add subsidies
  2. Badd indirect taxes and deduct subsidies
  3. Cdeduct indirect taxes and add subsidies
  4. Ddeduct indirect taxes and deduct subsidies

As printed in the paper

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Correct answer: C. deduct indirect taxes and add subsidies

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