Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

What adjustment is needed to convert GDP at market prices (producer prices) into GDP at factor cost?

  • Aby adding exports and deducting imports
  • Bby adding net property income and deducting transfer payments
  • Cby adding profits and deducting income taxes
  • Dby adding subsidies and deducting indirect taxes

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