WBCS.LIVE practice question

According to the Output Method, GDP is calculated as: ______.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. GDP at Constant Prices – Taxes + Subsidies
  2. GDP at Constant Prices + Subsidies
  3. GDP at Constant Prices – Taxes
  4. GDP at Constant Prices + Taxes – Subsidies

Correct answer and explanation

Correct answer: GDP at Constant Prices – Taxes + Subsidies