GVA at basic prices plus net product taxes gives GVA at:

Question

Accepted Answer

D. Market prices

1. Factor cost plus net production taxes gives basic prices.
2. Adding net product taxes gives market prices.
3. GDP is now reported at market prices.
_Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._

Answer

Factor cost

Answer

Basic cost

Answer

Net prices

GVA at basic prices plus net product taxes gives GVA at:

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