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Which body replaced GDP at factor cost with GVA at basic prices in January 2015?

AFinance Commission
BCentral Statistics Office
CReserve Bank of India
DPlanning Commission
Answer & Solution
Correct answer: B. Central Statistics Office
1. GDP at market prices is now simply called GDP. 2. The Central Statistics Office made the change. 3. Basic prices include production taxes, not product taxes. _Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._
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