Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

The table presents a selection of statistics for a country. Gross domestic product at market prices: $\$600$bn. Indirect taxes: $\$100$bn. Subsidies: $\$50$bn. What is the value of gross domestic product at basic prices?

  • A$\$500$bn
  • B$\$550$bn
  • C$\$650$bn
  • D$\$700$bn

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