Write the differences between GDP at market price and GDP at factor cost.

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Latest Answer: 2 weeks ago
In: Commerce

Write the differences between GDP at market price and GDP at factor cost.

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1 Answers

Answered By Nikita Chetry
Answer: 2 weeks ago

GDP at market price and GDP at factor cost differ in how they account for taxes and subsidies.GDP at market price includes indirect taxes and excludes subsidies, showing the price consumers pay. GDP a... Read More

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