WBCS.LIVE practice question

Calculate the GDP at factor cost given in the following data. GDP at market price = 600 crores Consumption of fixed capital = 100 crores Indirect taxes = 200 crores Subsidies = 50 crores

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

Answer options

  1. 850 crores
  2. 450 crores
  3. 950 crores
  4. 350 crores

Correct answer and explanation

Correct answer: 450 crores