Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

The table below presents some national income statistics. GDP at basic prices = $\$300\text{ billion}$ Indirect taxes = $\$20\text{ billion}$ Subsidies = $\$4\text{ billion}$ What is GDP at market prices?

  • A$\$276\text{bn}$
  • B$\$284\text{bn}$
  • C$\$316\text{bn}$
  • D$\$324\text{bn}$

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