Home › CBSE Class 12 (Arts) › Economics › National Income Accounting › GVA at factor cost plus which item gives GVA at …
GVA at factor cost plus which item gives GVA at basic prices?
ANet factor income
BDepreciation charges
CNet product taxes
DNet production taxes
Answer & Solution
Correct answer: D. Net production taxes
Basic prices lie between factor cost and market prices because they include net production taxes.
Related questions
Countries rich in natural resources areIf GDP rises but real incomes of 90% of people fall, GDP as a welfare index isAn Indian company's profit earned in Dubai affects which aggregate?A firm buys Rs 40 of raw material and sells output of Rs 90. Its value added isWhich part of national income does household consumption and saving come from?Corporate tax is deducted from national income because itA fine paid by a household is an example of aPersonal disposable income is personal income minus